Jul 9, 2007

Ready to go

After a week off... I'm more than ready to get it going today.

Good luck to all and I hope to post a nice chart of a winning trade today.


Anonymous said...

There were tons of great stocks while you were gone, and you woulda made a killing if only you woulda traded em.
Glad your back.

rudy said...
This comment has been removed by the author.
rudy said...

Welcome back,
Your dreams were your ticket out.

Welcome back,
To that same old place that you laughed about.

Well the names have all changed since you hung around,
But those dreams have remained and they're turned around.

Who'd have thought they'd lead ya
Here where we need ya

Yeah we tease you a lot cause we've got you on the spot, welcome back,
Welcome back, welcome back.
by John Sebastian

Glad you're back! Rudy

OONR7 said...

@anon: hope you got all those trades. My one week vacation was absolutely wonderful. It's good to disconnect sometimes and smell the roses. All work and no play makes OONR7 a dull boy.

@rudy: great, great piece. Thanks for leaving that and good to be back.

jason said...

First great day I've seen in months.

CCJ, 30min, long 7th bar high, hit 1.38 extension.

SNDK, 10min, long 7th bar high, hit 1.38 extension.

TSL, 15min, long 6th bar high, hit 1.38 extension

OONR7 said...

jason... great results. Congrats!

Robert said...

I caught TSL too. In at the 8th (15min) bar as it broke the high of bar 2. Took half at the 38 fib ext from the close of Fri to the ORH and the other half at the 68 ext. 2.5R. May have been too conservative on my second target, perhaps a trailing stop next time.

I like Jason's entry, but am not sure about whether or not to wait until it breaks the ORH, as I did. I lost lost $.80 waiting for the ORH break. Does anyone know of the expectancy difference in waiting to break the ORH vs. entering as the retracement turns?

jason said...

Robert: Congrats on catching TSL. I don't mean to answer for OONR7, but your entry is a higher probability trade, IMO. In general, I believe that you are better off waiting for a break of the ORH. Great trade!

OONR7 said...

robert... Jason can answer for me anyday :)

I agree with him, yours was a higher probability entry. However, the only concern I have with your entry is the spread... .90 is pretty wide. It was a very bullish bar though. Glad you made some bling :)