Apr 14, 2009

Tuesday's trades

All I can do is just shake my head. Really wasn't much for me to look at out there today but that's no excuse for missing trades. Looking forward to my vacation. I'm in the midst of a nasty drawdown. Yuck.

Entered here.

Shoulda entered here (later on).


bl said...

I think ur are using 10" charts top 15" btm. I never liked 10", fwiw. 3/30" market reversed. Looking at Briefing premkt gaps: ship,game,semi,banks, misc like dndn. Throw in a few upgrades/intitiate outperforms and Group them in 5" chart, and be ready at the open. The only serious money I've made is using Briefing premkt gaps/stories/up//dn grades and creating a WL before the open, like today's mgm lvs mgm, or rio rtp bhp, or egle drys exm gnk, or banks. Oh well, gl.

TL said...

If I may comment, the lower tails (3/ 10, 4/ 10) would have worried me. Shorting the hanging man (7/ 15) seems to be safer.

My trade of the day was ESRX (4/ 15, exit at FE). Small wins and small losses other than that.

Hope the market will offer more opportunities tomorrow.

Good trading.

OONR7 said...

tl: a couple of other things to note. My entry off the :10 was an inside nr7 at the in a downtrend (that's a reversal sign). The entry I missed (:15) was an inside nr7 at a pullback (reversal). Little things to note.

OONR7 said...

bl: I've actually had great success with the :10. I've pretty much stopped looking at the :05 charts unless I want to drill down for an ideal entry.