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Tuesday, May 23, 2006

Tuesday's action

posted by Tom C:

X is still recovering from the season finale of 24 - it was a very trying experience.

I have had a mixed day, with a few positions still open going into the afternoon. I (and probably Trader-X) will post a chart or two later.

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4 comments:

Anonymous said...

lol. I thought 24 was great.

Anonymous said...

Pretty horrible session for me today.

Got stopped out on 2 postions:

NE - 15m break of 2nd bar high
PBR - 30m break of 2nd bar high

Any care to give me some constructive criticism on my two trades?

Hope others are having better luck.

Trader-X said...

posted by Tom C:

I don't see anything wrong with PBR - what you should be watching for is a stall at OR high if your entry is below it...like the disclaimer X always puts out. When it failed to take off on the 3rd and 4th bar, you should have been looking to exit on a break of the 4th bar low for a small loss.

Just my .02.

Anonymous said...

Tom C,

Thanks for your input. I will be more sensitive to price stalls and look for potential exits in the future.

I guess the same thing happened to NE (15 min).