Monday, April 13, 2009

April 13 - MS - JPM

Banks closed very strong last week and opened strong this week. MS printed and IB (second bar) with the body filling in the upper tail for the first bar. I entered on the break of the second bar high and closed at $26.00 which is R1 and also an important PP in the daily chart.

JPM chart is similar tp MS and I had the same entry and exit strategy. The target for this one was also R1.

3 comments:

Tyler said...

Anarco,

Nice trades today! For some reason I have been missing every bank trade lately. I am glad to see you catch a couple.

Tyler

anarco said...

Thanks T!
I am really hooked into the banks story these days. It is quite fascinating what is going on.
Cheers,

Day Tradr said...

Nice pair trades Anarco.

Day tradr