[INTRA-DAY ACTION]
Pretty quiet morning so far, Barclays is the most outstanding member of my watchlist as it soared to just shy of £4 earlier. I have got into the routine of a 10am wake-up, because with the UK markets, the moves are made too early and too quick to capitalize on until you wait for a retracement.
BARC however didn't, and it dropped to support this morning on my chart before going NASA on me and exploding.
Anyway, here is my Alcoa entry/exit dissection from yesterday, I'm pleased with both so it's a great trade. I really had to close the trade before I went out at 7:30pm, and I got a decent entry signal in terms of risk:reward. I continue to be bullish here, but I felt any opening gap might have stopped me out for a loss.
Agrium was very nice yesterday with its movements, and I think I'll add this to the watchlist on a full-time basis.
I've just missed a good entry on a BARC short because I've been writing here, oh well. I'm currently waiting for EZJ to break or reject 347.. (oh wait a sec it just did and is now at 341!). BAY is really choppy this morning and it looks like it fancies a drop to the 250 range.
US hitlist remains the same as yesterday, but with Agrium and Ambac in the mix.
Note:
This is the 100th post on this blog, and is somewhat of a milestone for me. It's been a very tough year so far, but I've learned a lot and I feel that I'm getting to the stage where I am comfortable with my abilities as a swing trader. I also believe that once I can learn to pull the trigger without a second thought, I will be a solid intra-day trader.
Hopefully by new year I will be hovering around the 200 mark for posts, will less "rag loss" postings about things going wrong.
BARC however didn't, and it dropped to support this morning on my chart before going NASA on me and exploding.
Anyway, here is my Alcoa entry/exit dissection from yesterday, I'm pleased with both so it's a great trade. I really had to close the trade before I went out at 7:30pm, and I got a decent entry signal in terms of risk:reward. I continue to be bullish here, but I felt any opening gap might have stopped me out for a loss.
Agrium was very nice yesterday with its movements, and I think I'll add this to the watchlist on a full-time basis.I've just missed a good entry on a BARC short because I've been writing here, oh well. I'm currently waiting for EZJ to break or reject 347.. (oh wait a sec it just did and is now at 341!). BAY is really choppy this morning and it looks like it fancies a drop to the 250 range.
US hitlist remains the same as yesterday, but with Agrium and Ambac in the mix.
Note:
This is the 100th post on this blog, and is somewhat of a milestone for me. It's been a very tough year so far, but I've learned a lot and I feel that I'm getting to the stage where I am comfortable with my abilities as a swing trader. I also believe that once I can learn to pull the trigger without a second thought, I will be a solid intra-day trader.
Hopefully by new year I will be hovering around the 200 mark for posts, will less "rag loss" postings about things going wrong.
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