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Wednesday, August 02, 2006

Wednesday's action

Last week, Tom C. mentioned his entries on a "red" hammer. IDSY provided a great trade that is still going off a break of the red hammer that formed on the retracement zone. They are still higher risk trades than green hammers...

ASTSF is an interesting set-up; it is a cheap price but the small move returned over 3%.

NILE has provided a decent profit, but I am waiting to see how it reacts here at the morning high. Remember my standard disclaimer!

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6 comments:

thiago said...

ALVR was a good long above 3rd bar high (15min)
CSG stopped me out....however, i think it was a good set-up. Bought above 6 bar high(15min).

Anonymous said...

ALVR was nice, I was in that. CSG was not a bad set-up. The only observation I will offer is I like to see it trending up rather than bouncing around OR I like to see it bounce off the retracement zone and then move up. CSG was just kinda choppy. But I have seen a lot worse. Just my input.

TJ

Jan Czaszynski said...

erts 15 minute chart, 2nd bar break of the OR high was a good setup today....your thoughts?

Tanya said...

X, IDSY was a MONSTER. I think you jinxed NILE, though.

thiago said...

thanks for your comments TJ

Jon said...

Was in Nile too...