
Trade 1 - 11:28, the parabolics fire a SELL after a little 12 minute runup.
I enter at $16.18 and ride the slope down to the parabolics COVER at 11:44 at $16.02.
Time in trade = 16 minutes, net gain = .16
Trade 2 - 12:48, the parabolics fire a SELL after a 24 minute runup.
I enter at 16.22 but 4 minutes later the parabolics are fire COVER, and I'm out at 16.15
Time in trade = 4 minutes, net gain = .07 (I'm a bit shaken by that last trade, as the reversal was unexpected, but I'm sticking with the plan.)
Trade 3 - 13:00, after only another 7 minutes the parabolics are again on a SELL and I enter ( a little late) at 16.23. This proves to be a good trade that carries for the next 15 minutes before the parabolics fire a COVER at 13:16 and I'm out at 16.08.
Time in trade = 15 minutes, net gain .15
Trade 4 - by 13:30 GE has retraced back up to the 12:56 high and forms a litle squat bar for the next 12 minutes, so we know a break in coming. I'm still bearish on the markets at this point and the NYAD is supporting my negative bias so with the parabolics on a SELL at 13:42 I sell at 16.28. We the get a big bar down, but don't break through the PP, which is actually bullish, so when the parabolics fire a COVER at 13:52, I'm happy to close the position at 16.18 and get flat.
Time in trade = 10 minutes, net gain .10
None of the trades were big winners, but I did manage to collect .16 + .07 + .15 + .10 = .48 with only 45 minutes of exposure.
I'm done for the day.
No comments:
Post a Comment