Aug 13, 2007

Early day

Not sure if there was something wrong with my scanner (prophet) but I didn't have a huge watchlist, which is good sometimes. I had a nice, easy going trade in ARW early and was out of all positions by 12:30. Not a bad start after being off for a week. I also hooked up my laptop to my desktop monitor and was able to trade on two screens which I liked a lot. Here's the trade:

  • Place fibs. from second bar low to fourth bar high
  • Price retraced below the 61.8 level, but never closed below it. Bounced back up off a nice hammer
  • Entered long off a break of the 10:05 candle high (nr7) with increased volume
  • Exited at the fib. ext. as I saw price far away from the 5ema and didn't want to risk losing profits (glad I did as price quickly went back down)

9 comments:

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

Funny, I was thinking the same thing about my scanners this morning. Very few candidates. Ended trading only EMC. Welcome back btw :-)

OONR7 said...

thanks eyal... I actually had internet access on Friday in Greece and went to your site. Congrats on your pending move and trading full-time.

Jamie said...

Nice trade and welcome back!

When you have a minute can you give me a quick "How to" hook up my laptop to my desktop?

Thanks.

OONR7 said...

Thanks Jamie. Hooking it up was actually pretty easy for me... not sure it's the same for everyone. All I did was unplug my monitor cable from the desktop, connect it to the appropriate plug on the back of the notebook and then adjusted the settings in the monitor section of the control panel to allow for multi display. The first time I did it, as soon as I plug in the desktop monitor a dialog box came up in my notebook to help set everything up. I had to select the 'desktop extension' option. It's really simple so long as you have a multidisplay option in your notebook.
Hope that helps... but let me know if you have any other questions.

Anonymous said...

welcome back. how was greece?

QQQBall

OONR7 said...

QQQBall... thanks for asking. I actually went to Santorini Island and stayed at a beautiful villa in a very traditional greek village. The food was amazing, sunsets stunning and the weather was simply wonderful. There's this great city called Oia that's right on the Caldera (center of the volcano) and the villas in this town sit right on the cliffs. We couldn't stay there because I have young kids and most places don't allow kids under 13.
I certainly see why Europeans flock to Greece every summer. I'd love to go back and explore the other islands.

Jamie said...

OONR7,

Great, thanks for the detailed explanation!

Eyal said...

Thanks.. hopefully it'll work out alright :-)