Wednesday, January 28, 2009

Opening Range Breakout - Barrick Gold Corporation (USA) (Public, NYSE:ABX)

Both ABX and GG carved out the h short setup in the opening range. ABX filled the gap from last Thursday-Friday, but GG did not. We talked about ABX filling the gap a couple of days ago.

ABX set up a second entry - long out of an inverse H&S type pattern.

SNDK swing long as discussed over the weekend. Perfect inverse H&S on the 3 minute timeframe. I partialed ahead of the FED, swinging balance as per chart below.

It so much easier to find good setups when the markets BO. Easy setup on the Nasdaq futures.


Anonymous said...

Hi Jamie,

Great trades. Your ability to take multiple trades at or near the same time just shows how well you have you scanning and system set up. A while back you posted a screen shot of your set up, with how you page throught, etc., during the day. Can you post a link to it here in the comments I haven't been able to find it.

Formerly ADD Trader

Anonymous said...


Yes, so much easier to find good setups today. I still had BIDU on my focus list (from daily range contraction comments). It gapped and based ~at previous 2 day highs. The explosion was sweet.

Did you catch the gap and retest of the PDH in RIMM?

Jamie said...

Thanks ADD,

5/28/2008 was the date of that post. Just type in screen shot in the top left corner search bar and it will come up.

Jamie said...

BIDU sweet indeed Jim!

I caught some of the move in AAPL but passed again on RIMM. Also missed POT/AGU. Today was like a kid in candy store, but it's impossible to catch all the moves.