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Thursday, May 04, 2006

Thursday's action

posted by Tom C:

Some good opportunities already this morning...IDCC and EXPD off a break of the second bar high are just a few. Post your trades and thoughts.

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10 comments:

Dave C said...

Hi Chris (or others),

Can you critique SAPE for me? I got in on the break of the second bar high and got stopped out 2 bars later. Was there anything that I missed before entering? It seemed like a solid setup (gap up OR that closed up, 2nd bar formed a nice hammer, NR2, and closed above the OR high), but for whatever reason just didn't work.

Zoomie said...

Shorted BG on break of 7th bar low. Tgt was LOD, but I pulled out early on first expansion bar down. Shorted VPHM on break of 4th bar low, covered at O/R high. Hope all of you had a good day. I have learned so much from the trades being posted here...thanks!!

Chris said...

Short CHS off the 2nd bar.

Charles said...

wfmi has been good to me!

Anonymous said...

4th bar in CECO was very bearish, and made a great short. Tommy

Chris said...

I don't know that I am a good person to ask, but...it actually looked good and probably just didn't work. If you have Pivot Points on your charts, it reversed at R2 just FYI.

Dave C said...

Thanks Chris,

I actually meant Tim C, but thank you for your response nonetheless!

Hope everyone had a good trading day.

Trader-X said...

posted by Tom C:

re: SAPE, I think was a good set-up...just one of those that does not work. But, you should have been able to get out with minimal pain as that third bar was a red flag, and fourth bar was a hanging man. It just stalled out...

Dave C said...

Sorry I killed your name Tom C,

THanks for your analysis Tom. I should have jumped ship, but decided to weather the storm. The result: -1R (stopped out). Oh well.

Barb said...

GPK was a nice % gainer for me.