Two trades
Traded FNM ( short 12/15) and was stopped out. I really thought price was gonna drop after entry. Also went short FRE (7/15) and managed to partial and get out with some cash before it moved against me. Pretty ho hum day.
I'll be away on Monday and Tuesday so have a good weekend good luck trading!
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12 comments:
come on OONR,
you can do better than that. Using your methodology i made 4R in LTM.
congrats anon... but I don't see an entry that I normally take on any timeframe.
i almost traded MOV, but the market just seemed to lack ummph (until AMBAK rumour). i noticed yesterday that i was laso drawn to PQ, which was also kinda meandering sideways.
i hit DUG early at the 39.60 level - i'd noted that level watching teh tape yesterday and was hoping for an open down to that level. very subjective trade.
Yeah, blah day. I took 2R out of LTM, 13th 15' bar, as a Trader X beyond the fib extension setup. Wasn't pretty but it worked.
nr7, don't know if your trading 5" charts but for first or last 2 hours they can work but otherwise I like 15". Here's some 5": nci vlcm ocr brs ofix ltm. Traded vlcm unfi cof fcl for lunch and dinner money. The C down grade-missed that-worked well with broker/finance shorts!!Damn. I qued into Jamie's site too late!! Have a nice 4 dayer.
We seem to be trading the same stock oonr7.
I take that as a good sign that I'm getting better :-)
Bl,
you using the 5" charts in first & last hours of trading?
qqqball,
Open and close yes. Check out the brokers, financials, etc. Also 1" can be interesting with 50/13/200ema's. Most vol premkt(8) can be interesting at the open, Fri: cbey esrx shpgy ubs unfi fhm fre fnm. Fading the open has been profitable.
bl,
you saying that most volatile premarket tend to be better fades at teh open?
thanks
No. Recently the opening gaps are to be faded, esp the financials. Not necessarily premkt top volumes but its's an interesting screen though without alot of fuss. Put Monday's up and see what happens.
NCI-anybody trade nice chart all times frames??
bl: I trade the 5-min till 11:30. I'll trade the 15 usually not before 10:30 and the :30 not before 11:30. Really just depends on the setup.
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