Thursday, November 12, 2009

Tim Sykes' EONC trade, Nov 10, 2009

EONC day chart
EONC intra-day

This post is another addition to the gallery of Tim Sykes' trades -- I am trying to reconstruct the logics of his decision-making. Most likely this is a short trade (but strictly speaking, in a complex case like this one can't be 100% sure). If this is a short, then a change in the intra-day trend on Nov 9 and an opening with a gap (down) must have served as a trigger. (Another hint to pay attention to inter-day dynamics). Either way, a difficult trade to execute.

1 comment:

  1. In fact, in his blog Tim explained this was indeed a short from the night before. So an opening with a gap played no role, the trade was already in.