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Sunday, June 11, 2006

BDAY - 060906; 30-minute chart

BDAY had slightly lower volume than I am accustomed to taking. But, I used a Stop-Limit order and was filled. It did not reach the target, but did hit the 50% line between the low and Fibonacci extension at the end of the day. It was a good trade that returned over 5%.

The entry bar was a narrow-range (NRM), inside bar. The first three bars had lower highs and relatively flat lows.



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1 comment:

QQQBall said...

nice trade. ive tried posting before, but there were problems. thanks for taking the time to post - great blog.

good luck!