Thursday, August 2, 2007

080207 - RTN - 5mins - Loss*Paper


Symbol: RTN
Type: Long
Result: Lost -0.22%

  • My second trade of the day was RTN
  • The long Hammer at 12:10, along with the (somewhat) increased volume, and the closing of the Hammer was above Opening High, drew my attention to RTN
  • I entered Long during the next bar (5mins) when prices exceeded the high of the Hammer
  • My target was the next Fib. Level
  • But my trade didn't last long... I got stopped out a few bars later

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