No trades
There were trades to be made out there... but they just didn't meet the specifics that I look for. GA and FNM are two decent examples. I'm expecting very low volume after today so I don't expect to trade till next Monday. If I don't post... enjoy your Thanksgiving. We're actually celebrating it here on Saturday with some American friends.
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11 comments:
damn OONR:
using your/trader X methodology, bought SRS and SKF..one of my best days..
i can't thank you enough for gems in your blog.
thx
happy thanksgiving.
yes, thank you for taking the time to post the blog!
Anon,
I don't believe SRS SKF are X or N7type set ups, but you made $ on them so great!
anon: congrats with your trades. Neither of them were gappers so they wouldn't have appeared in my scanner. However, of the two, SRS had a decent entry off a break of the 11am bar high. This was the 'confirmation' bar of a failed reversal as the previous hanging man bar failed to move down. Also, entry was a the intraday pivot point which made the move that much stronger. The confirmation was also on lower volume which might have made me stay on the sidelines for now.
folks,SRS/SKF may not be gaps, but they are logical extension of trader X, OONR7 theories clearly laid out in there website..you don't have to stick to gaps alone like a copycat..
Hope some traders made some $ off of TSL.Other than the reversal bars, looks like the -4/1" bar hitting the 5ema and b/d was a good entry if one was looking at just one big gap down mid priced stock. The most I have made was focusing on one premkt gap down at the open: nvda.
Happy Thanksgiving.
Friday had some nice open consolidations before taking off: bidz etfc ceo hnp aauk. A beautiful day here in S Cal with or without the fires.
Great blog OONR7. Add me in your blogroll if you like.
www.daytrade-emini.blogspot.com
Happy trading.
Hey what happen to the rise and fall thingy....and that woman of mine has some big law school finals coming up and she leaves the house with my permission...such insolence by these American women..if I were in SA...she would get a minimum of 50 lashes..
fw: yeah, I know. Been really slackin' with the Rise or Fall. I will definitely add one this week. As for your woman... better get a handle on that shit real quick. First an education, then a job, then a skirt and if she drives, well - let's not even discuss those implications :)
anything goes: I'd like to add you to my blog list, but that photo is really creeping me out.
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