Wednesday, October 14, 2009

6B & TF Trades 10/13 (Tues) - Wrap Up

Long TF: 30min OR hit a mere 6.7 points suggesting that a 2nd leg is unlikely(on trending days, TF usually hits about 10 points within 30min after market opens, and a 2nd leg usually follows). Price closed briefly below OR and reversed back up, failing a bear flag.

Covered at Fib Ret 38.2. I had aimed for Fib Ret 50 initially, but didn't like the wait of nearly 10mins.

D said it's a good time to call it a day.

I keep needing someone to remind me to GO SLOW.

TF 10min
Net PnL: +USD 199.50

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