Buyers stepped in on the infamous Head & Shoulders neckline. We got nice setups all day long for an opportunity to buy and hold through the end of the day (though I feel I should have held a small position overnight). We got a nice flag to get into right at
R1, another flag 7 bars later, followed by two narrow range consolidations that ended up pushing higher, right up to
R3 to end the day.
Back to buying the dips mode? Sure feels that way.
Strong technical stand on the daily chart, so we're back in channel mode to see if we can test the highs. It would have been nice to get a breakdown just to give us a solid direction
The market profile gave us suspicion that today may be a strong directional move. We did get resistance that coincided with single prints from July 6th & 7th.
Caught a move late in the day on an FCX base-break. Will watch for a gap-fill from July 6th over the next few days.
Back to buying the dips mode? Sure feels that way.
Strong technical stand on the daily chart, so we're back in channel mode to see if we can test the highs. It would have been nice to get a breakdown just to give us a solid direction
The market profile gave us suspicion that today may be a strong directional move. We did get resistance that coincided with single prints from July 6th & 7th.
Caught a move late in the day on an FCX base-break. Will watch for a gap-fill from July 6th over the next few days.
1 comment:
Hi Todd
( I wrote you the other night but left you with the wrong blog address)
7/11/09 Hello Todd
I put your link up on my blog. Feel free to add me if you think my site is of interest to you. Look forward to reading about your trades. That is why I started my blog too. It keeps me on track and on plan if I have to tell everyone what I am doing.
www.tradingwiththeaveragejay.blogspot.com
thanks
jay
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