DF T2 hit & exceeded

DF was recently posted as a long off support.  as stops could vary from trader to trader since this could have been taken as a longer-term bottoming play or a quick counter-bounce off support play, i was somewhat vague on the stop criteria (i suggested a stop "not too far below that support line").  as i was only looking for a quick trade from DF on my trade, i unfortunately stopped out before today's 35%+ pop.  however, i left the trade on as an active trade since DF only dropped 6.3% below that support line before reversing (within a normal stop [...]

Aug 8, 2012 10:02am|Categories: Completed Trades - Long|Tags: |Comments Off on DF T2 hit & exceeded

DF bounce trade

i've been kicking myself for days since i had planned to short DF when it hit my upper-most resistance line on this chart.  actually, as per my usual M.O., i would have shorted just before that resistance level (2-day chart) but took my eye of this one as i took some time away from trading recently.  would have been a nice quick gain but now i've taken some DF long for a potential bounce trade. occasionally i will post some quick trade ideas for the more active/nimble traders.  although this trade is the epitome of the proverbial "trying to catch a [...]

Jul 19, 2012 11:11am|Categories: Completed Trades - Long|Tags: |Comments Off on DF bounce trade