Monday, March 16, 2009

Mar 16 - AMGN, WLT



AMGN formed a lower high. Went short on the break of 5th bar low. Exited completely when 12th bar high was taken out. Turned out to be a scalp trade only.


WLT formed a series of hanging man and NRB's around 1-2 pm. There was negative divergence on RSI. Went short when R2 support was taken off.  Exited when the doji high was taken off as marked on the chart.  Exit was premature. I should have taken partial and held the remaining till EOD. This could have turned out to be a good trade.

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