WLT

Did not take advantage of such a nice trading day. Had 2 1/2 losers. ABX - entered on retest of ORH. It gave 1R+ and then came back against me. This was my fault for letting this one turn into a loser. FCX and BTU were losers. I was long both when the market reversed. Only savior was WLT.


Entered short on the break of 2nd bar low. SPY was strong today along with most of the stocks on my watchlist. 4th, 5th candles looked strong and I was sure that my SL will be taken out. Moved my SL above 3rd bar high. Took partial at 20 EMA & R1 where it found some support and bounced back on very low volume. Added back to my position and exited at daily pivot.


Gapped up, strong first bar followed by a slight retracement to the 5 EMA. Entered on the break of inside bar. Partialed near morning swing high, sold remaining at the end of the day around that level.