Wednesday, January 7, 2009

January 7 - DUG and SU

I am back!!! It feels like 2009 started today for me!
I am unable to upload images to blogger (for some reason), but here are my trades:
DUG: Entered at 7/5. With that bullish bar the bulls invalidated the bear move on bars 2 to 4. I exited at the 38% extension of the fib drawn from the PDL to the ORH.
SU: Entered at 10/5. Price tries to recapture the PDL, but the bears take it away on the 10th bar. Exited at the doji bar that takes place at $22.68. The whole sector seemed due for a pause so I exited in full.

Edited to add the charts.

9 comments:

Anonymous said...

I can't upload images right now either.

Congrats though! I'll look forward to seeing the charts when you get them up.

-AT

anarco said...

Thanks AT! I'll try the charts later again.
Cheers,
Alejandro

Tyler said...

Anarco,

Perfect trades! Blogger works now.

Tyler

anarco said...

Thanks Tyler. It seems like you guys had a good day too.
Keep them coming!!!

Anonymous said...

i traded DUG long from yesterday. i traded it yesterday and bout it back and held overnight. sold on the run after the gap up and waited for a PB to re-enter, which didnt happen.

two words for trading in 2009

DISCIPLINE
PATIENCE

Happy New Year

QQQBall

Anonymous said...

DUG
hahhaha - you musta bought my shares on the first entry... i sold a bnch there,

QQQBall

anarco said...

Hey QQQBall!
Happy New Year to you. I wish you the best in 2009.
Cheers,

PDT said...

Hey Anarco... its been awhile since I've been in the game (and here). Nice to see you are still in it and doing quite well. Good luck in 2009!

Nice comment over at Jamies Blog btw.

anarco said...

Welcome back PDT!!!
I was re-reading some old posts here and I was thinking: where the hell is PDT?
I am glad you are still in the game.
I wish the best in 2009!
Cheers,