Monday, April 13, 2009

Daytrade – Result – Loss - STX

 STX - 2009-04-13 081306 - 15m

STX - 2009-04-13 140504 - 15m

 

It’s been a long while since I last day-traded, and I’m thrilled to be participating this morning.  My first trade was STX.  What I saw was…

  • 2 consecutive combo’s of Inside Bar + NR7
  • Although the 2 inside bars did not signal an entry for me, I decided to gamble and hope that prices will reach its Opening Low, for a small gain
  • Set Entry just below the Low of the 2 Inside Bars (see white line)
  • Stop was above the Red Bar
  • My Entry was triggered by the following bar (see 2nd chart)
  • Unfortunately, I was stopped out 15 minutes or so later during the next bar

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