Feeling under the weather. The charts are self explanatory but I'll try and update this post with commentary later this evening.
10 comments:
Anonymous
said...
Jamie, Sorry to hear. Get well! Hopefully you are better later. I also caught TASR, on break of ORL on 10 min.(immed. switched to 15 min for my exit). A bit risky but paid off well(out at 2pm on WRB)! Feel better! Bigfish
Nice on TASR. I would have had trouble shorting in the vicinity of PPs/sup at ~17.50. I suppose the bear flag that you labeled was the sup/bounce before the breakdown.
I traded the small B&B at yesterday's high in AAPL - long at 144.17, sold at 144.95 at low of 10min IB. Missed ACI long around 32.25 due to limit order - filled the gap and then some.
Yes, the 6th and 7th bars looked like a tweezer top reversal, I was watching it closely, ready to bail if price fell below $40.50 as the market was a little choppy.
Nice work with AAPL. Can't believe how high it's going ahead of earnings on Wed. - it's priced beyond perfection. ACI also nice, too bad re: limit order.
TASR, originally planned to short the break of the flag but had to re-route my order. PP breaks usually set off vertical moves. If they work, the reward is nice. But when they don't break, they set up a reversal. Sometimes there's a fine line between a long and short.
10 comments:
Jamie,
Sorry to hear. Get well! Hopefully you are better later.
I also caught TASR, on break of ORL on 10 min.(immed. switched to 15 min for my exit). A bit risky but paid off well(out at 2pm on WRB)! Feel better!
Bigfish
Thanks Bigfish,
Nice work on your TASR trade. Only a partial fill on mine. Maybe it was easier to get shares in the morning.
Couldn't borrow shares of TASR on IB. Who'd you use?
Thanks
Ferde,
I couldn't get shares through IB either, but I was able to get a partial fill through my Canadian broker.
Jamie,
Hope you recover soon!
CIEN: Did the 6th-6th bar prompt you to take partial at all? They mostly have long upper shadows.
Zen
Jamie,
Nice on TASR. I would have had trouble shorting in the vicinity of PPs/sup at ~17.50. I suppose the bear flag that you labeled was the sup/bounce before the breakdown.
I traded the small B&B at yesterday's high in AAPL - long at 144.17, sold at 144.95 at low of 10min IB. Missed ACI long around 32.25 due to limit order - filled the gap and then some.
Thanks Zen,
Yes, the 6th and 7th bars looked like a tweezer top reversal, I was watching it closely, ready to bail if price fell below $40.50 as the market was a little choppy.
Jim,
Nice work with AAPL. Can't believe how high it's going ahead of earnings on Wed. - it's priced beyond perfection. ACI also nice, too bad re: limit order.
TASR, originally planned to short the break of the flag but had to re-route my order. PP breaks usually set off vertical moves. If they work, the reward is nice. But when they don't break, they set up a reversal. Sometimes there's a fine line between a long and short.
hope you feel better Jamie.
Thanks OONR7
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