Thursday, October 14, 2010

Oct 13: TNA, MON

TZA was the my first trade. Nice downsloping EMA's. Short under S1. The 3rd bar was a bullish green hammer with a nice lower tail and closing strong. I bailed out my position on the break of 3rd bar high at BE.

I re-entered the TZA short but now as TNA long. Took a partial near R2 and sold remaining where shown.

MON has been basing on the daily. Liked the EMA's - wide gap. 2nd bar was strong and closed abive PDH. Long above ORH. It then consolidated and finally reached R2 where I took off 3/4th of my position and the remaining when price took out the low of the candle closing below 5 EMA.

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