Wednesday, March 21, 2007

20070321 - AXL - 15mins - Loss


Symbol: AXL
Type: Long
Entry: The beginning of the 6th bar
Exit: Somewhere on the 8th bar low
Result: Lost -1.03%

It was a Doji bar on the 5th bar with the rising 5eMA acting as support that led me to go Long at the beginning of the 6th bar. I was stopped out later on the 8th bar. My stopped may have been too tight, but it turned out that it was a blessing... kind of.

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