Sunday, December 16, 2012

Trades for 14th December, 2012

Trade 1



Short    SLB                       From our watch list.

                                        Entry  68.50 /Stop 68.55           Stopped out -.05

Trade  2










Short  ROST                   From our watch list.

                                        Entry  53.50/Stop   53.60     Stopped -.05

                                    We were stopped  twice out of  ROST.  for a total of -.10


We   did not have a good trade today and I called it a day when another  member alerted me to trade 3.


Trade 3
                                   Just when we thought we were done for the day!





Short  ARIA                   This was a fluke of a  chance,when another member called me on this.

                                       By the time I looked at  it he was already out on the  bounce.Then I noticed that 
                                       ARIA  made two tops on 1 min chart. This trade  was so fast there was no way I
                                       could've typed this.I called out as I entered the trade. Few managed to get in.It
                                       virtually collapsed after entry.

                                       Entry    21.48  /Stop  21.60

                                       Target   1        21.25                 1/3  +.24
                                       Target   2        21.00                 1/3  +.48
                                     
                                       Knowing what we know I  placed order to  sell at 19.50

                                       All out       1/3   +1.98!!!!!!!!!!!!

                                      The whole trade was  absloutely incredible to close the  week ,after three
                                      stop outs in the morning. This trade was big enough to cover  the losses
                                      of all of them and more! Did not expect that. Then again I am not the type
                                      of person who looks the gift horse in the mouth!.

                                      This kind of call  cannot be typed fast enough to enter. So I will be first
                                      callling these  type of trades then type it when time permits.

                                      The key is to be able to read the candles fast enougfh to take a trade.