Welcome to the Trader-X blog!

> TRADEthemove.com - my thoughts
> meditationSHIFT (formerly "tad")- just say "om"

Monday, October 20, 2008

ING - 102008

ING was on my watchlist, and it caught my attention as it broke the OR high and pulled back to test that level as support. It presented multiple opportunities to enter long - I indicated several on the chart (white arrows); my actual entry was the third white arrow (offsetting bars).

ING rallied off the OR high, and I sold half my position at the FE. I sold the other half when price hit resistance at $13.50. As you can see, it broke through that level and ran to $14+...if only I could always sell at the high!



_______________

2 comments:

Barry said...

Nice trade! Just noticed you were back. Happy Days!

Sam said...

Hey X, will u update the Dow chart and give your thoughts? I find that very beneficial? Thanks.