Wednesday, May 02, 2007

Day trading and the week so far.....FBT...no Woodies CCI here


The first bar trade worked on Monday like a charm, it ended up being a classic trend day as defined by my mentor....LBR. Tuesday, with a Monday tick closing below -400 suggested that a new low would occur and the first bar trade got that one also. Today, it was HELLO and if you were waiting for a pullback or worse....to take a close the gap trade.......SORRY MAN!!!!

Heck, the CCI (50) with a turbo of 6 even managed to get this one right out of the shoot this morning. Hey, even a blind squrriel gets an accorn once in a while.....

2 comments:

D said...

Monday's $tick closed at +103

Anonymous said...

Dennis,

Had a question about how you handle when you get a setup on the 3m chart, and then, when the price triggers the trade but the stoch is already overbought or oversold on the 70T chart .... what do you do?

MarioM