Thursday's Trade
Shorted XTO (can't remember where right now since my QT is closed) but it dropped 1R and came back to stop me out later for a loss. There were a couple of other trades that ended well but I couldn't find a good entry. This week sucks so far. Just downright boring.
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6 comments:
ORLY was a beauty..IRTI was a huge short.
4R again
It could be a good thing to find other kind of setups to trade.
Good ORBO setup are sometime hard to find when the market is in a rangebound and choppy.
I got 2 solid traderx setups this week... TEVA long(wed) and BIDU short (today)and no good ORBO setup.
It's very difficult to watch all day and not having a trade done. It could be more dangerous to jump impulsivly in bad setup.
anon: ORLY and IRTI were two stocks I was looking closely at but couldn't find an entry that followed my plan.
jf: I'm always keeping my eyes open for new setups.
i hope this is okey - im pretty sure it is... here is the transaction tax petition
http://www.rallycongress.com/no2tradertax/1536/
Did you short off the 10:15 (5-min)? It seems fine...
The last 2 days have been very choppy for me too.
TL
tl: no, 10:45 bar low. I was using the :30 OR. I should've shorted off a break of the 11:30 bar low (:30 OR) but had walked away.
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