Wednesday, July 22, 2009

July 22 - CELG - FCX

First CELG chart show price trading in a range for the past 2-3 weeks.

Second CELG chart shows price breaking above the range and making a decisive move higher however price struggled at R1 and eventually failed. I made a bit on the way up and shorted a bit on the way down to the top of the range.

FCX was a B&B trade. The target was PDH. Price made it there but I exited a bit before.

4 comments:

Day Tradr said...

Beautiful trade on CELG Anarco. Congrats!

anarco said...

Thanks Day Tradr!
It did not carry through as I thought it would, but the entry worked out.
Good catch on POT today!

TJ said...

Nice work on CELG! I was cursing myself for missing that one (didn't do my homework).

anarco said...

I remember you telling me some time ago that trading was hard work, and only now that is starting to sink in. The better the homework, the better the trading.,
Thanks Jamie.