Wednesday, April 30, 2008

FSLR earnings are Faded


FSLR- The gap up- fade trade. FSLR had earnings this morning. Wish I faded this gap.
Gold long scalps (I partly based my long scalp on oil getting support)

My first trade on Crude was bad. My second scalp was decent.
Airlines seem to move the most right after the open.
Finally got a good signal on AAPL, I should have held half for my buy signal.



2 comments:

Ryan Schwebel on 1:11 PM said...

Hi, I saw your post on the FSLR gap fade. I was just wondering, are you using the 61.8% fib break as a signal for all your gap fades? Why not use 50% or above that? I'm very interested in this strategy, I've love to talk about it. Let me know, thanks.
(ryanschwebel at gmail)

HPT on 1:35 PM said...

If a stock breaks the 61% retrace I would normally sell no matter if the trade was based on a morning gap up or not. I like to enter long trades around the 38% retrace with market moving in my direction.

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