Feb 3, 2009

Tuesday's trades

As far as I can tell, I'm not writing this post during a dream. I actually did have another profitable day. Let's get right to it. Went long TYC off a break of 10:25 bar high. This was kinda like a long version of yesterday's MMM short trade. A brickwall setup as the entry bar found the ORH as strong support. Exited half of my position at BE after price rose close to 1R and fell back down. Kept the rest and decided to exit on a break of the 11:20 bar low as $24 was showing strong resistance. A decent gainer.

My bread winner today was PRGO. Entered short off a break of the 10:40 bar low (hangin' out setup). Well, I actually was a little late to this and had to alter my share size to get in as price moved down. I was pretty convinced of this setup that as price rose back up on the following bar, I decided to buy more shares at what would have been my original entry price. Man, that makes no sense... just look at the chart. I exited my final shares just above the fib. ext.


Tyler said...


Nice trades! I also traded TYC, but it looks like you did a better job. I like PRGO, but again, it did not come up on my scanner. Too bad. Keep up the good work!


TraderAm said...

Very nice trades indeed.

The PRGO was great seup. It just didn't look that good while I was watching it on the 15min chart. Good trade management on TYC as well, worked out nice on the 5min chart. See that's why I mentioned you on Stocktickr :)

anarco said...

Excellent 00nr7!

OONR7 said...

tyler: thanks... glad you got a piece of TYC too.

TA: just keepin' up with the Jones'.

anarco: gracias!