20070417 - AMTD - 15mins - Loss*Paper

Symbol: AMTD
Type: Long
Entry: The beginning of the 12th bar.
Exit: Stopped out as soon as the price fell below the Opening Low.
Result: Lost -0.38%

Well, this trade is more of a 'test of theory.'

What theory?

Well, I read this post from Trader Jamie at Wall St. Warrior discussing how 'a spike in volume' signaled an end of a move.

What I didn't read, was the disclaimer that said "Don't try this at home!"

I saw the spike in volume, and I thought a reversal is about to happen. I figured if I set my Protective Stop at the low of the Opening Range, my risk is still bearable. That's why I gave it a shot.

Let me know what you think of this set-up. Would you even react to that 'spike' in volume?