Thursday, November 12, 2009
Trading Research In Motion with Rangebars
Using a .25 rangebar to sell short RIMM today produced a profit of $1.67. The 1st sell signal was at the open at 9:32am @ 64.72 and an exit at 9:38am @ 64.26. The 2nd signal to sell short was at 10:31am @ 64.29 with an exit at 1:17pm @ 63.53. The 3rd sell short signal was at 1:36pm @ 63.41 with a cover at 3:34pm @ 62.96. No doubt that using a .25 rangebar works very well. I will see you tonight to trade the Hang Seng if it's trending.
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