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Thursday, November 17, 2005

Chart of the Week

I am cutting out early today - I have an afternoon commitment.

I have never done a "Chart of the Week", but if ever there was one - it is JLG (15-minute chart). I will post it tonight, but if you want to look on your own check out the sixth bar, and answer the three questions.

It is 1:51, and I just closed the second half of the position for a $2.75 gain. The key is that the entry bar was so narrow range, it was a nice sized position (see my Trading FAQ for more details).
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Posted by Trader-X at 1:49 PM

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DISCLAIMER - I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES; I JUST POST MY THOUGHTS, TRADES, AND OPINIONS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS. ALL CHARTS ARE COURTESY OF REALTICK. ALL TIMES INDICATED ARE NY (EST).