Thursday, March 12, 2009

March 12 - CNX


CNX dropped quickly at the open and printed an "in the tail" red bar below PDL and S2. I used that bar as my trigger bar and took a partial at S1. CNX printed a very clean hammer (hint of a reversal) and a NR, Doji at the base of S1. I exited when the high of the doji was taken and at the same time I entered long. Partialed my long position at PDL and held the rest until EOD.

4 comments:

Anonymous said...

Simply superb 2 way trade. Congrats Anarco.

anarco said...

Thanks Thomas! I have been focusing on the 15min charts (as my main time frame) and it is starting to pay off.
Cheers,

Anonymous said...

15 mins chart works best for me too. Love the Reward:Risk ratio in your and Jamie's trades.

QQQBall said...

that is a beauty. You are da man!