This week is starting off better than last - I had a quick hit with MT, 15-minute chart on a rally to the retracement zone.
Post your trades and thoughts. Charts later today.
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Tags:
Trader-X, Stocks, Fibonacci, Trading, MT
Mentoring: The Key to Developing as a Trader
5 days ago
11 comments:
Hi all,
Anyone like me go long PCU on break of 2nd 30min bar? It worked out fine, but I was worried by the lack of gap, and the fact it opened below Friday's high. Any thoughts anyone?
ATB
Clive J
posted by Tom C:
Clive, good trade. I traded it but I was more worried the 1st bar was too wide-range. But looking back, it had a history of printing wide bars, so I took it. I may post the chart later.
Thanks Tom,
Ain't it just wonderful when it reverses around the fib extension?
nice trading! mondays (after about 7 am) & friday mornings have lacked ummph, so i went to the gym.
thanks for posting the trades
I kept PCU on my watchlist. Went long again at $80.80 with a target of the previous high.
This is not an X trade, but I look for a 2nd long entry following a strong stock's 1st retracement of the session. This just produced another $1.60.
Very happy with that. My best day for ages. 4%-ish.
Time to go now. I've recorded Italy v Aussies.
ATB Clive
Did anyone short BSX today? Any thoughts on this trade, X, bearing in mind the target was less than a buck?
ATB Clive
posed by Trader-X:
Clive, I traded BSX. It was a textbook trade with a low-risk entry. High volume, low price, easy entry and exit - returned almost 3%.
You do a few of those a day and you are talking real money.
I traded BSX, great trade.
Never posted here, but this blog is fantastic. Has really helped me. I traded LBIX on break of the 3rd 15 min bar (according to trader x's comments of a bar completely reversing the previous bar).
Anonymous - post a name (or initials) for us! That was a good trade...it did not even appear on my radar.
TJ
nogreed - TTM...you have to avoid trades when you have a crazy first bar like that. X says it is indecisive.
REP should have been a nice profit!
Try trading less set-ups, and focusing only on the best.
TJ
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