posted by Tom C:
Lots of technical problems with Blogger this morning.
I had a nice trade early on - GLD on a break of the second bar high. Post your thoughts and trades in comments.
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Trader-X
Becoming Solution-Focused in Our Trading
4 days ago
3 comments:
Tom C,
Ah, I traded GLD on a break of the second bar high, but unlike you, I sold on the 6th bar when it broke the 5th bar low.... by a penny! :(
I am still learning everyday. I think if I am still up in a position, I will wait until it drops to break even (to give it more wiggle room) before I make any rash decisions like I did with GLD.
I do have one quicky question... do you usually like to wait until the end of a bar before deciding to sell? Had I done so with GLD, it would have revealed a nice bullish hammer.
One that actually worked was HOM: break of the 5th bar high.
Good trading everyone!
I had that same GLD trade but bailed because it took a little time to develop. I did buy N on the break of 4th bar.FTI provided nice trade on fib ext break....
elos, 30-minute, 4th bar hanging man, homerun.
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