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Tuesday, August 08, 2006

Tuesday's charts

posted by Tom C:

T.J. posted his URI (short) trade in "Comments". He made two entries - one on a break of the 4th bar low that was stopped, and one on a break of the 8th bar low that ran for a profit. I also traded URI - it goes to show that sometimes persistence pays off as the move eventually netted over 7%.

Trader-X talked about his ARS trade earlier today; it was a great set-up that yielded ~4%. Here is the chart:

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1 comment:

chud said...

On the URI, the break of the 6th bar low looks like an entry to me. Why wait until the break of the 8th bar low? Is it just because the price is below the OR low?