Tuesday, August 28, 2007

082807 - AMZN - 15mins - Gain*Paper


Symbol: AMZN
Type: Short
Result: Gained +0.63R

  • I didn't have much time to pay attention to the market today
  • I ran into AMZN this morning, just right after it broke the Opening Range Low
  • I quickly entered Short, but the prices retraced sharpely during the next candle forming and long Hammer
  • I thought about closing my position for a Break Even trade, but decided to wait till if/when the prices closed above the 5eMA
  • It didn't and the prices fell again
  • Since I had to leave my desk soon, I decided exit my entire position after seeing the 11:45 bar painted a lower shadow
  • A rather small gain

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