Tuesday, August 5, 2008
August 5 - Trades and charts
I took CLF on a weak stock with 2NRIBs against the downsloping 5EMA. I also took CRK at the end of the day to practice the 3 PP trades introduced by Jamie. I also saw a nice chart on AXP (but did not trade it) that illustrates the C&H setup explained by Jamie in yesterday's post.
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2 comments:
Excellent trade on CLF. Did you go short when the 7th bar took out the lower of the 6th bar or when it took out the lower of the 4th bar?
Thanks!
I used the low of the 6th bar.
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