Welcome to the Trader-X blog!

things i recommend:

> TRADEthemove.com - my thoughts
> meditationSHIFT (formerly "tad")- just say "om"

please read before asking questions:


Tuesday, May 23, 2006

Sometimes they don't work...

posted by Tom C:

And, that is why you have stops.

The 3rd bar was the narrowest of the morning (NRM). I entered on a break of the 3rd bar high, and was stopped out on a break of the 3rd bar low.



__________
Tags:
, , ,
Bookmark and Share
Posted by Trader-X at 3:09 PM

2 comments:

Anonymous said...

I was watching this stock as I like the set-up that has rising bottoms and a flat top...they tend to break out strong (rising wedge). Luckily, I passed as the top was not exactly flat. TJ

4:14 PM
Trader-X said...

posted by Tom C:

TJ - good observation.

4:23 PM

Post a Comment

Subscribe to: Post Comments (Atom)

IF YOU CANNOT SEE ANY POSTS ABOVE, CLICK HERE.


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).