Monday, October 20, 2008

Got me in the end

I sold at 3:30 to protect my profits only to watch things go nuts the last half hour. I should have known. My trade in AGU took all day to jell. I assumed that it wasn't going to make it to its target so I cinched up my stop and got taken out right before the end of the day rally. I'm a goof.

I tried using Corey's tip using Tradestation's Fibonacci extensions. I didn't trade it, but I found the bull flag on the DOW to be interesting. Notice how the price bounced off the target four times before breaking through and heading higher.
All in all, it was a wimpy day for me. I made +.38R.

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