May 12, 2008

ISIS - Long

I missed the first hour of trading today to attend to some personal stuff so when I was finally able to put together a watchlist ISIS presented a great opportunity. Entered off a break of the 11: 15 bar high which was an inside nr7, hammer-like bar right above the ORH. The following bar was also an NR7 so I was hoping for a big move. A move came but at a snail's pace.

As price started moving sideways with little volume I decided to bail during the 1:45 bar. Nothing spectacular but a winner and a nice setup.


7 comments:

kurt said...

Nice trade. Orderly pullback to OR high, all bars closed above, and with a strong candle bouncing-off 5ema. Another good trade was ANN. Traded the NRB that closed strong after the OR b/o. Exited 50% Fib and remaining EOD.

OONR7 said...

kurt: thanks and nice analysis. ANN was in my watchlist but I disregarded it after if pulled back so much (to the ORL). Glad you kept tracking it.

QQQBall said...

you gonna be in Paris this summer?

OONR7 said...

qqqball: I'm heading to Sofla the end of June till the end of July.

OONR7 said...

coming to Paris?

QQQBall said...

i think so, with my daughter. a friend has a couple of apts there - Rue de Commerce not to far from the subway. i'd like to go to europe before they start minting Euros in gold. :) plus, over the years ive done a poor job of unplugging... sure way to burnout.

OONR7 said...

qqqball: let me know if you're coming into town. I live very close to the Arc de Triomphe in the 16th.