FMD - 111105; 15-minute chart (long)

Another look at the FMD chart, this time with a long signal on the bar after I closed the short trade.

1.) What did I see?
After falling to the 50% line from the retracement of the previous day's low to the opening range high, FMD reverses off that line and rallies with a green bar (the twelfth bar).
2.) What is the entry?
A break of the twelfth bar high.
3.) What is the exit?
1/2 closed after $1 gain, the other 1/2 closed at the end of the day. I was ready to close the trade [quickly] if it stalled at the top of the retracement zone, but it moved nicely through it.