COMS (15-minute chart) was good for .20, which is actually 4%. Low price, heavy volume, easy to take a big position and get in and out.
I have a few open positions that are going the right way - I will see if they can get close to the target before the Fed announcement.
More later.
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Tags:
Trader-X, Stocks, Fibonacci, Trading
Delayed reaction Episodic Pivots
2 days ago
2 comments:
Hi X,
I passed COMS on 15min cht due to 1st bar closing in bottom 1/2. Did you enter off 2nd or 3rd bar?
I went short MTW off 2nd 15min bar, just got out before it snapped back strongly. Do you think the first bar was too big?
ATB Clive J
I entered COMS on a break of the third bar high. It had closed strong and fillend in some of the area left by the first bars long upper tail.
It was not a great set-up - probably a C+, but I had a feeling about it and thought it would run for .20.
MTW - it bounced (exactly) off the retracment zone from the previous day's low to the OR high.
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