Tuesday, January 30, 2007
Day Trade: Long NMX 30-min chart
Entry @ $128.90 / 700 ***late posting***
I created a trade trigger to buy at market price when price clears $128.25 and my trade was executed at $128.90, a $0.65 slippage...or more like a robbery. This is a classic FLAG price pattern which usually resolves to the direction of the pole of the flag. I decide to keep it until the end of the day after it cleared a major resistance in the daily chart.