Solid day
While I'm not going to post charts of my ECA and HAR trades (just don't think they're very nice) I can say that both at least provided a good day's pay. Shorted ECA off a break of the 10:12 bar low (3-min) and exited as it bounced at the $66 area. I was a little greedy and thought it would touch the fib. ext. Instead, it bounced right above it.
Shorted HAR on a break of the 12:27 bar low (3-min) and ended up scaling out to reduce risk as the trade started going against me. Managed to take 'dinner for two' profit out of this trade.
This has been a very nice couple of weeks and I'm encouraged by my results. I just hope to keep it going. I'll be off on Monday and possibly Tuesday so I'm glad this week counted.
Posts
2 comments:
Good trading 00nr7.
Couldn't really get going myself. Just out of interest, do you tend to exit in 3 stages most of the time, or does it depend on the chart pattern etc. ?
Thanks
traderam: I think what I like doing is scaling out when warranted off the 3-min chart and exiting the rest of the position based off the :15 timeframe. So, in reality, I should be exiting in 2 stages but sometimes I just want to take profit.
Post a Comment