Wednesday, September 12, 2007

Dummy Trade of the Day - The Shaw Group Inc. (Public, NYSE:SGR)

SGR was a B&B setup from last night's focus list. It set up perfectly at the base of yesterday's swing high.


CAL was a B&B short. Initially, it looked like I would get two inside bars, but the 4th bar was head fake. I took the trade anyway and my target was easily met just as lunch was beginning.


MNST was a short setup at R2. The volume on the rally from S2 was dismal (dead cat bounce), so the two bearish stars at the base of R2, signalled a short.

4 comments:

Jim said...

Jamie,

Dude, you are knocking the ball slap-out of the park!

Per your lesson, there was also a 2-IB setup following the B&B in SGR.

Jamie said...

Good eye Jim,

Bars 4 and 5 are NR6 and NR7. No wonder this one worked so well ;)

Mike T said...

The end of day trade examples have been incredibly helpful.

Thank you for so generously sharing your knowledge and your time.

Jamie said...

Thanks for the feedback Mike