Friday's trade
Had a bunch of stuff to do Friday night and Saturday morning so sorry I couldn't put up a post. Had a trade that was good then turned bad... DRIV (not the best setup but I made the case to enter). What saved the day was ALTR. It wasn't the greatest of opening bars but did manage to pop through the ORH and retrace back. I entered on a break of the 1pm bar high and selling during the 2:15 bar.
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6 comments:
oonR,
used your methods on MT & OMTR.
Both yielded me >3R.
Thanks for all that you do.
oonr7,
I traded ALTR too. But I entered on the break of the 7th bar. I was luck that it didn't pull back too much to trigger my Protective Stop.
Have a wonderful weekend!
anon: glad I can help. Toss me some of those Rs :)
cd: nice entry, would've preferred it almost right at the 5ema.
NR7, Nice trade on ALTR. Aggressive 2/15, and 7/30, and B&B set up with closing of gap. Have found shorting of M&A aquirers can work: msft orly. Scalp omcc yahoo ca. Interesting gaps: avid driv cern swc imb ca fls whq ach sina sohu mt infn iwov. Bot HANS sept45 call on possible buy out. Alot of gap ups= 30" charts maybe. Jamie traded nvda on reversal of semi's: sigm klac xlnx. The whole mkt reversed: airlines: uaua!
i loked that trade over this weekend. then i looked at it again today, and that's a really cool trade. really good patience to get the nice entry. if you take the earlier entry, maybe you get bored or shaken out and move on... nic etrade.
qqqball: thanks. I liked how there were no upper tails (resistance) and, of course, the 2 bar move down followed by the strong reversal bar (entry).
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