Monday's action
posted by Trader-X:
Sorry guys - I am slow getting into it this morning. I had a nice short in CHK off a break of the third bar low (30-minute chart). A few other things are still working...
I will put up a chart or two late today. In the meantime, feel free to post your trades in "Comments".
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Tags:
Trader-X
Sorry guys - I am slow getting into it this morning. I had a nice short in CHK off a break of the third bar low (30-minute chart). A few other things are still working...
I will put up a chart or two late today. In the meantime, feel free to post your trades in "Comments".
__________
Tags:
Trader-X
12 Comments:
Short PG on break of 14th bar low. Seems to be stalling. Tgt 38.2% fib retracement from yesterday's high. Any comments welcome!!
Hey X,
Welcome back! CHK looked good long on the break of the 2nd bar high (30min), what made you decide to hold off?
Sea Containers - SCR.A - long on a break of the first 15-minute bar hammer. Unreal pop, and then complete collapse.
cai break of the 2nd bar hammer...I worried the first bar was too wide range, but it worked out. TJ
Great to have you back X. I went long BER on a "B&B" play break of 4th bar high 30 min. Never really got moving. I missed GG short on 3rd bar rev 30 min. It never retraced the 38% that we look for. Would you of takin that trade X?
GPN - break off the 4th bar high. Volume was a little low for me, but it worked out.
Hey 5150,
Not that you asked me or anything ;), but I probably would not have taken the BER B&B. The spinning top looked too indecisive for me. If it formed a hammer, I would have been more likely to bite.
cheers
posted by Trader-X:
Dave - I didn't take a long entry in CHK based on some new parameters I have instituted...I will share with you guys after a couple of weeks of testing; the short off the third bar was a good move to the 1/2 point between the low and fibonacci ext
good trade on GPN - I took that, and will probably post the chart later.
zoomie - those bread and butter plays get weaker (less consistent) the later in the day they happen...just FYI.
X,
Thanks for the advice. Welcome back! Lookin forward to these parameters. Tom did a GREAT job while he was here. Thanks Tom!!
X,
I look forward to your discussion on the new parameters that you are you using!
Thanks Tom C. What about the GG 30 min. Would you of taken short on break of 3rd bar... I didnt take trade because it never got to the 38% ret level......
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