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Monday, June 26, 2006

Monday's action

This week is starting off better than last - I had a quick hit with MT, 15-minute chart on a rally to the retracement zone.

Post your trades and thoughts. Charts later today.

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11 comments:

Anonymous said...

Hi all,

Anyone like me go long PCU on break of 2nd 30min bar? It worked out fine, but I was worried by the lack of gap, and the fact it opened below Friday's high. Any thoughts anyone?

ATB

Clive J

Trader-X said...

posted by Tom C:

Clive, good trade. I traded it but I was more worried the 1st bar was too wide-range. But looking back, it had a history of printing wide bars, so I took it. I may post the chart later.

Anonymous said...

Thanks Tom,

Ain't it just wonderful when it reverses around the fib extension?

QQQBall said...

nice trading! mondays (after about 7 am) & friday mornings have lacked ummph, so i went to the gym.

thanks for posting the trades

Anonymous said...

I kept PCU on my watchlist. Went long again at $80.80 with a target of the previous high.

This is not an X trade, but I look for a 2nd long entry following a strong stock's 1st retracement of the session. This just produced another $1.60.

Very happy with that. My best day for ages. 4%-ish.

Time to go now. I've recorded Italy v Aussies.

ATB Clive

Anonymous said...

Did anyone short BSX today? Any thoughts on this trade, X, bearing in mind the target was less than a buck?

ATB Clive

Trader-X said...

posed by Trader-X:

Clive, I traded BSX. It was a textbook trade with a low-risk entry. High volume, low price, easy entry and exit - returned almost 3%.

You do a few of those a day and you are talking real money.

Anonymous said...

I traded BSX, great trade.

Anonymous said...

Never posted here, but this blog is fantastic. Has really helped me. I traded LBIX on break of the 3rd 15 min bar (according to trader x's comments of a bar completely reversing the previous bar).

Anonymous said...

Anonymous - post a name (or initials) for us! That was a good trade...it did not even appear on my radar.

TJ

Anonymous said...

nogreed - TTM...you have to avoid trades when you have a crazy first bar like that. X says it is indecisive.

REP should have been a nice profit!

Try trading less set-ups, and focusing only on the best.

TJ