Thursday, June 21, 2007

062107 - AM - 15mins - Loss*Paper

Symbol: AM
Type: Long
Entry: During the 8th bar
Exit: During the 13:15 bar
Result: Lost -0.41%

  • Looking back now, I really didn't have a good signal that prompted me for entering
  • Although the 3rd bar is bullish, the 4th - 6th bar really didn't tell much
  • I entered long soon after the prices covered the 4th bar high (I was 'hoping' for a Base Break setup)
  • Since then, the prices began to consolidate, hovering around the $26.95 level
  • I tightened my Protective Stop to just underneath the 11th and 13th bar low
  • It was reached during the 14th bar
  • At time of editing this post, the prices finally started to move up

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