Thursday, October 9, 2008

October 9 - ANR (Inverted C&H)


This inverted C&H (Jamie style) worked out nicely; in fact it was the best trade of the week for me. I wanted to sell on a real spike in selling volume, but that never took place, so I kept moving my stop to follow the steady selling. My goal was the 100% fib extension drawn from the high of the cup to the base, but price did not make it there.

6 comments:

Tyler said...

Anarco,

Amazing trade!

Tyler

TJ said...

Sweet!

anarco said...

Thanks guys!
I am happy the struggle of this week paid off today.

QQQBall said...

greta patience on the exit!

Anonymous said...

Very nice!

anarco said...

Thanks again guys!
I was debating if I should exit at S1 or at the 100% fib ext when my stop loss was hit. Interesting how the market tanked in the last hour and ANR found some buyers.