Trade from Friday
July 27th, 2007It started out as a slow day today. I looked closely but passed on CROX, BLG, and CYMI. I had just about given up on the day when I saw SEPR setting up below the OR low. I entered on the break of the inverted hammer at 11:15. After waiting an hour, I took half off the table and put a very loose stop that ended up getting hit after lunch. It ended up closing right at the lows of the day. I made 4R on a full position size which ranks second on my list of most profitable daytrades. (This one from May is first).
Here’s the chart of BLG, which would have worked as well, but I passed.
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thiago Said,
July 30, 2007 @ 4:19 am
well done dave!
i missed the BLG too
Dave Said,
July 30, 2007 @ 4:30 am
Thanks, thiago. BLG also had some bad ticks on my Cyber chart which turned me off a bit. Thanks for the comment.