And the day brings with it so many questions:
(1) Was a bottom put in Thursday?
(2) Can we close green given yesterday's action? Or does the "rally" fizzle?
(3) Will Blogger actually work today?
(4) Will Entourage be as good this season? (my money says it is BETTER)
(5) Will the Mavs sweep the Heat?
OK, so most of the questions aren't market related. That's just how I roll. Now go make some good trades.
posted by Trader-X
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Tags:
Trader-X, Trading, Entourage, Blogger, Mavericks
Becoming Solution-Focused in Our Trading
4 days ago
8 comments:
ATI was a nice short off the 2nd bar, 30-minute.
POZN - after it lost half it's value in one 30-minute bar - tightened up and at 12:00 made a nice hanging man. Big gain so far with a tight stop in case of reversal.
Wow, looks like you are going for over 20%. Congratulations. Not bad for an afternoon's work.
posted by Tom C:
That was a nice trade Tag. You may get over 20% at this rate.
I had a so-so day. I will post over the weekend. Have a good time all.
PARL was a good short off 2nd 15min bar which was a NR weak bar following wide, weak OR. It was good for a $1 within next 2-3 bars. Notice that PARL was in new low territory below any recent price pivots.
GLW might have been considered a long on the upside BO of the 4th 15min bar above the OR high. Notice that GLW did not gap above the recent daily price pivot (from early June) and the signal failed.
jim, since PARL wasn't a gapper, how did it get on your radar?
Babak, It was a carry over from the previous day (which had range contraction following the gap down), and it may have also showed up on the INET site (data.inetats.com) as active during pre-market. You do not necessarily need a gap. Any wide OR bar (especially in new H/L territory) with increased volume carries higher probabilities of resulting in a trend day (one that opens near one end of the daily range and closes near the other).
Ah, ok. Got it. Thanks Jim.
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