Tom C. wrote in comments about two trades he made - RMBS and NOVL. By the way, if you are not reading "Comments" on the individual posts, you are missing a lot. There is some great analysis and conversation, and it is a good learning forum for all of us.
Back to RMBS and NOVL - if you look at the two charts, you will see that they are practically mirror images of each other - RMBS being a long, NOVL being a short. Both entries were on a break of the third bar, and the third bar was a narrow-range (NRM), inside bar. RMBS had higher lows and a relatively flat top; NOVL had lower highs and a relatively flat bottom (sans the third bar).
RMBS:
NOVL:
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Tags:
Trader-X, Stocks, Fibonacci, Trading, RMBS, NOVL
1 comment:
great blog. thanks for sharing
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