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Wednesday, September 20, 2006

Wednesday's action

Yesterday after the close I met some friends for fajitas and margaritas - which is why I did not get around to posting any charts.

: )

Go make some good trades. I will get some charts up later, unless I am attacked by another bottle of tequila.

P.S. - Don't forget we hear from the Fed today. And, check out Trader Mike's analysis of the Amaranth Advisors Hedge Fund blow up.



Otto said...

Ah, Tequila, your sweet nectar beckons me.

QQQBall said...

for Wed.

LFC - break of 4th 5-m bar - little hammer

ExEngineer said...

BEAS--30 Min Chart, Long on break of 3rd bar high. Stopped out on 8th bar (at low of 3rd bar). That's what I get for trading on Fed day I guess.

QQQBall said...

thats should read 4th 15-min bar.

thanks X for the blog - and for the entourage rec'.

greytrader said...

Great blog, thanks for sharing X.
RHAT 30 min break of 4th bar... Any red flags missed ?

Trader-X said...

grey - only that it was below the OR high. Those are higher risk than above the OR high. Watch for it to stall at that previous morning resistance...if it does, exit. See my standard "below the OR high entry" disclaimer on previous posts...

gerytrader said...

Thanks, I did exit when it bounced off the OR. The "below the OR high entry" disclamer is one of the postit on my monitor :-)
Thanks for the chasing success piece on Saturday, it hit home. Down to 5 positions today.