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Wednesday, August 30, 2006

Wednesday's action

posted by Tom C:

I took .50 out of AOM - I don't know where it goes from here, but I am happy with my 5%. The entry was a break of the 3rd bar high, with the 2nd and 3rd bars printing higher lows and the 3rd bar being the narrowest of the morning (NRM).

I am still in a few positions and will post a chart or two later.

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KayakHandy said...

Nice trade Tom.

My latest trade was on NUAN, I was looking for the break of the fourth hammer type bar...it broke after the seventh Narrow range bar for an R5 gain. Set the stop at $8.03 and sold at the Fib extention of $8.15...ended up getting $8.16...the high of the day

R.J. said...

ERIC off the 2nd bar, hit the extension end of the day.

Great blog!

John Wheatcroft said...

Best of the day was BEAS. In on the break of the second bar out at the pullback after the 8th bar (considered the pullback on the 7th bar to be a rest).