Wednesday, August 8, 2007

080808 - LEAP - 15mins - Loss*Paper




Symbol: LEAP
Type: Short
Result: -0.67R

  • Let me first admit that I was uncertain even before entering this trade
  • I just wanted to try it out to see if it works
  • I first spot this Shooting Star on the 5mins chart (first chart) , with increased volume
  • A shooting star was also patined in the 3mins chart (not shown)
  • I have to admit that the 15mins Reversal signal was less than ideal. Therefore I wanted to wait for a confirmation for the reversal signal.
  • Once I got it, I entered short (see 2nd chart for prices)
  • I exited before my Protective Stop to avoid a full 1R loss
  • There was just no volume there!
  • Another good learning experience!

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