May 8, 2009

Friday's trades

I didn't even think I would post today because I hadn't planned on trading. However, I managed to get back home and fire up the scans before 10am (EST). 
Went long on both RNP and ATVI. With RNP, I entered on a break of the 10:30 bar high (:10) which was a NR7/NR3 combo candle. Price quickly went up 1R, but then came back down and I scaled out at BE. The rest of the trade went according to plan and I exited just below the fib. ext.
With ATVI, I went long off a break of the 10:30 bar high (:15). Again, price went up to 1R but then came back down just enough to make me scale out at BE. Afterwards... everything looked good I sold just below the fib. ext. It's almost 2pm right now so I don't know if the stock will rise, but it looks like I sold at the top - which feels pretty good :)
This is a much different Friday than the last. Plus, I wasn't even planning on trading today. Have a good weekend.



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