Thursday, July 12, 2007

071207 - GG - 15mins - Loss*Paper


Symbol: GG
Type: Long
Entry: The end of the 6th bar
Exit: During the 8th bar
Result: Lost -0.08%

  • I saw the Hammer painted at the 10:30 bar, but the volume was not that convincing
  • I waited to see how the next bar will turn out... and it turned out a strong bar that closed above its Opening Range High
  • I entered towards the end of the 10:45 bar
  • I had to step away from my desk for a quick meeting, and when I returned, I was looking at the 11:30 bar, under the 15min frame
  • I switched over to the 5mins chart and noticed the Shooting Star shining right at my face, along with a bearish engulfing pattern right after.
  • I just decided to exit the trade with a $0.02 loss.

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