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Tuesday, May 09, 2006

Tuesday's action

posted by Tom C:

Lots of technical problems with Blogger this morning.

I had a nice trade early on - GLD on a break of the second bar high. Post your thoughts and trades in comments.

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3 comments:

Anonymous said...

Tom C,

Ah, I traded GLD on a break of the second bar high, but unlike you, I sold on the 6th bar when it broke the 5th bar low.... by a penny! :(

I am still learning everyday. I think if I am still up in a position, I will wait until it drops to break even (to give it more wiggle room) before I make any rash decisions like I did with GLD.

I do have one quicky question... do you usually like to wait until the end of a bar before deciding to sell? Had I done so with GLD, it would have revealed a nice bullish hammer.

One that actually worked was HOM: break of the 5th bar high.

Good trading everyone!

Anonymous said...

I had that same GLD trade but bailed because it took a little time to develop. I did buy N on the break of 4th bar.FTI provided nice trade on fib ext break....

Anonymous said...

elos, 30-minute, 4th bar hanging man, homerun.