Dec 4, 2007

HOLX - Short

If at first you don't succeed... try another timeframe. Isn't that the saying? I first shorted HOLX off a break of the 11:15 bar low on the :15 chart. Took a partial off a break of the 11:45 bar high then fully closed my position off a break of the 12pm bar high. Ended up with latte cash. Then, I looked at the :30 view and saw another setup and shorted off a break of the 1pm bar low. Exited the entire position at the ORL. I also liked RIG at 11:15 (:15 view) but I didn't like the relative volume at the time. Here's the HOLX :30 chart:



6 comments:

Hammer Trader said...

nice trade OO.
BTW: Are you looking at 10 minutes also or just 15/30.

Flatwallet said...

Check you email and accept the invitation

QQQBall said...

007 -

what do you think of EXM? 15 minute bars?

bl said...

NR7, Good second effortI like those 30" charts esp after 2-3 hours open: Shorts-8/30 holx pvn rig dsx plll nok ubs. Longs- ldk azo seed pcr. Many gapless: cmgi solars . Many from Briefing. I'm leaning gap ups rather than downs. Easier to trade. PVN missed 5/30 kept with it 6/30 finally for a nice latte myself.
qqqball, many of the shippers reversed 11:30. exm -8/30 doji

OONR7 said...

bl: I'm sure Rudy will attest to the :30 timeframe.

LP said...

Man BL was a trading machine today. Great job. I had the most of those on my list too. Well christmas is coming, maybe I can find some balls hanging on a tree to use until I can grow a pair of my own.