ARAY will be worth watching on Monday, as it has not completely broken out yet. It may just start forming a larger pattern that will take many more days, or it may just keep running.
Here is how I played it today.
Friday, February 4, 2011
ARAY trade review
Good week with a nice ending. Though SIMG was the big dollar gainer for me today, I traded ARAY with a little less mechanical entry than SIMG. If you look at the SIMG intraday, I just bought the new high break at ~ 12 mins into the day and sold on the way up to highs. Simple, half the trading room was in it.
ARAY will be worth watching on Monday, as it has not completely broken out yet. It may just start forming a larger pattern that will take many more days, or it may just keep running.
Here is how I played it today.
ARAY will be worth watching on Monday, as it has not completely broken out yet. It may just start forming a larger pattern that will take many more days, or it may just keep running.
Here is how I played it today.
Subscribe to:
Post Comments (Atom)
Early winner/loser in 5g, Ericsson ERIC, Nokia NOK
I like to start collecting stock tickers for after the new year, stocks that have been beaten down and window dressed more than they deserve...
-
My trading has been flat and uninspiring the last week. I have chopped about, and for every good trade there has been a bad one. Today is a ... -
Good day. Being patient in the morning, being very careful with overnighting, and guarding profits was the key. Kunal at BOWS mentions about... -
I think the best and most seasoned traders have been on vacation for the past couple months or more. When you read Market Wizards, and they ...
Great Trade Rick! Thanks for posting this trade. I wasn't in the room today, but I learned alot from how you approached this trade. I always wondered how you (and some others) entered trades before the break of the highest flag. Something new to look for. Have a great weekend!
ReplyDeleteHey Eric, Check out ARBA from Friday too. Both myself and Garland got it, and it had a large consolidation/flag right below/at 29, then a mini flag right before breaking out, so entered at 29.01 rather than the ~dime higher breakout... gave that little bit more cushion. I've seen that flag before the breakout setup before, another way to get a little more edge. See ya next week! Rick
ReplyDelete