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Thursday, August 31, 2006

Thursday's action

It's the last day of the month - go make some good trades.

Agassi plays tonight - it may be your last chance to watch him.

If you live in Houston, check out my post below this one.

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Gaptrader88 said...

RCL was a Trader-X "bread and butter" long. The 2nd bar formed a "hammer-type" candle at the retracement zone. It rallied from there.Fibonacci extension was hit at 11:00 for a profitable trade. 15min chart.

Barry A. said...

I took NCS off the first bar hammer. Nice, although I know X would probably not approve.

KayakHandy said...

BUCY, 30 min. Third hammer. Was kind of a low reward set up but have adjusted the stops much higher as it heads to the Fib Ext. of $50.63...I think it's profit taking time soon as the day is starting to drag a little.

Also will look at a few oil stocks before the end of the day.

QQQBall said...

went long AUY on the break above 3rd 15-min bar. not huge $$$$, but real nice percentage gains. felt more secure sionce GG bought GLG and brazil just cut rates.

got out too early with 2% gain, but i gotta work.

KayakHandy said...

BUCY just blew past the Fib extention just took the last 50% of the position off the table at $51.20...Nice trade this was!


RCL was a great trade but where exactly did you see the second Hammer type hanging at the retracement zone? I see the long shadow/tail of the hammer just barely touching it...is that usually good enough to trade on?

Rarefactor said...

I ended up trading JOYG for a nice move up, and then shorted it near the top for a nice move down as well..however, my question is on BUCY..does anyone see where a signal may have been? I thought about it on the 13th bar, but used a limit order that didn't get filled.