I'm under the weather and didn't put much effort into trading today. However, I did manage to catch a piece of (NASDAQ: LEND) after it started flashing unusual volume this afternoon. I missed the break of the OR high, so I waited for it to consolidate. The lower blue line is today's OR high and the upper blue line marks yesterday's OR high, The small blue and red line segments mark my entry and initial stop. The trade lasted less than 10 minutes as this is a 5 minute chart, but I managed a nice reward with very little effort. Keep this name on the radar for tomorrow.Wednesday, March 14, 2007
Under the Weather
I'm under the weather and didn't put much effort into trading today. However, I did manage to catch a piece of (NASDAQ: LEND) after it started flashing unusual volume this afternoon. I missed the break of the OR high, so I waited for it to consolidate. The lower blue line is today's OR high and the upper blue line marks yesterday's OR high, The small blue and red line segments mark my entry and initial stop. The trade lasted less than 10 minutes as this is a 5 minute chart, but I managed a nice reward with very little effort. Keep this name on the radar for tomorrow.
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4 comments:
Jamie
Very sweet job, congrats
Thanks BP, I love these high volume, vertical pops.
Jamie do you have a filter for late/early excess vol. in a stock - if so what is it... get better
Ted
Hi Ted,
I use two volume filters, one is built into my Interactive Brokers trading platform and the other is Trade_Ideas which you can sample from my side panel.
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