Jun 9, 2009

Tuesday's trades

As Tyler would say... 'Today was a good day'. Found a nice long setup in RS off a break of the 4th bar high (:10). Price moved and came back a bit but I was still in the trade with my full position after it found some resistance at the ORH. I was also eyeing the :15 chart later on and noticed a nice setup on a break of the 11am bar high so I added more shares (I'm starting to add to winning positions when I can). I was pretty loaded up and price proceeded to go north in a nice, orderly fashion. I scaled out near a $1 gain and the rest just below the fib. ext. It continued to rise but I was happy with my return (close to 7R).
Other than that, there wasn't much else for me to write about.


7 comments:

Anonymous said...

OO:
the 5/15 breakout was my entry. The 6th took me out.
i need traderam's luck...

Anonymous said...

OO:
disheartened by RS fiasco, i was able to make some back in MOV.

TraderAm said...

Beautiful Trade. I was in RS as well, a bit later though. Wish all trades were like this: orderly move in right direction and multiple Rs :-)

TraderAm said...

Hey Anon...I am unlucky sometimes :)

OONR7 said...

traderam: thanks. But, I have to say that I agree with Anon (for once). Don't try that reverse psychology over here :)
Just keep doing what you do best, my friend.

Jim said...

Very nice trade OONR7.

Anonymous said...

Nice Rs!
I traded the NUAN 13,75 B&B 5min and MCHP 12 bar 15min.

Campertrader