CRM was a
gapper narrow range B&B, but after taking a partial I was stopped out as detailed on the 1 minute chart below.
CRM went back to retest the base and immediately reversed so I got back in. The full Fib. extension from the previous day high to the
ORL was reached
EOD.
FMCN, was B&B daily long as per
HCPG trading list. I guess I wasn't watching this one closely enough, because by the time I got back to it , my profit had all but disappeared after the
tweezer top reversal and I closed the position. Waited so long for this break and was very disappointed that it couldn't do better, but that's the way it goes.
RIMM - missed the early move off of the
trend line, but caught the second half as price lifted from the retest of former resistance.
CRM was a gapper narrow range B&B, but after taking a partial I was stopped out as detailed on the 1 minute chart below. CRM went back to retest the base and immediately reversed so I got back in. The full Fib. extension from the previous day high to the ORL was reached EOD.
FMCN, was B&B daily long as per HCPG trading list. I guess I wasn't watching this one closely enough, because by the time I got back to it , my profit had all but disappeared after the tweezer top reversal and I closed the position. Waited so long for this break and was very disappointed that it couldn't do better, but that's the way it goes.
RIMM - missed the early move off of the trend line, but caught the second half as price lifted from the retest of former resistance.
6 comments:
Jamie,
Nice job of milking RIMM. I had meetings all day and could not participate.
Thanks Jim,
Yeah, meetings get in the way of trading. For the most part, you didn't miss much. Another chop fest.
Jamie:
Thank you for sharing the 1 minute details, that helps.....
Lawrence
Welcome Lawrence,
One observation is that whenever I get stopped out, if I get back in, it's always around the same price as the stop.
Nice coals push after 3 premkt upgrades, and solars rally, golds. Some nice premkt and first 5 min gaps:dks sglp ssri ltd mea
Jamie,
Great trade in RIMM. I missed the first thrust up, but considered entering after the second consolidation into the 5 EMA for a quick trade. LTD was breaking out at the same time and I chose to trade that instead. That was a mistake, the breakout was on terrible volume and did not do what I wanted.
Now, looking at both charts, RIMM looks a lot better. I suppose I will see this in time and make the right decisions.
Thanks for posting your trades.
Tyler
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