Tuesday's charts
posted by Trader-X:
OSIS stalled out just below the halfway point to the Fibonacci extension. I closed the position when price closed back below the opening range high (marked on the chart). In retrospect, it was not a great trade as the first bar was very wide range and indecisive with long upper and lower tails. Still, it was enough profit to grab a few chili dog's at James Coney Island.
NCTY was a better trade - the entry was a break of the third bar high. The third bar was an inside bar and the narrowest of the morning (NRM). The target was the Fibonacci extension of the previous day's low to the opening range high - it was hit after 1:30.
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Tags:
Trader-X, Stocks, Fibonacci, OSIS, NCTY
OSIS stalled out just below the halfway point to the Fibonacci extension. I closed the position when price closed back below the opening range high (marked on the chart). In retrospect, it was not a great trade as the first bar was very wide range and indecisive with long upper and lower tails. Still, it was enough profit to grab a few chili dog's at James Coney Island.
NCTY was a better trade - the entry was a break of the third bar high. The third bar was an inside bar and the narrowest of the morning (NRM). The target was the Fibonacci extension of the previous day's low to the opening range high - it was hit after 1:30.
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Tags:
Trader-X, Stocks, Fibonacci, OSIS, NCTY
1 Comments:
IDT, 30-min, break of 3rd bar high.
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