posted by Tom C:
I took a sub-par short set-up in TEVA as it moved up into the retracement zone and narrowed in range for four bars. Luckily, it is working out.
I will try to post a chart or two tonight. But, again I don't see a lot on the radar. It is forcing me to be more creative!
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Tags:
Trader-X, Stocks, Fibonacci, Trading, TEVA
Mentoring: The Key to Developing as a Trader
3 days ago
7 comments:
teva is working out real nice...really collapsing. why did you say sub-par?
ryan
posted by Tom C:
Ryan, only because I didn't like the first bar...it was wide range, left a long lower tail. In my mind it was 1/2 bullish 1/2 bearish (though I never would have been long). But, I saw the narrowing bars at resistance, and took the trade.
ARO, 30-minute, break of 5th bar high.
X will share his new filter at the end of the month.
NFNG - yes. I will talk about it at the end of the month. But, I think some people already figured it out...look back through some previous post's comments. Nothing proprietary.
I hope everyone has a good Thu and Fri!
And, what a choke by the Mavs!!!
Mavs did choke! I can't believe the Heat won 4 in a row.
Don't forget that USA plays Ghana tomorrow.
CNC hung around the $25 round number, then finally gave it up. scratched on SKX - i had .61 as a retrace level and i left before it got to .52 and then closed near LOD - not big money and stock moves really Slooow, whcih is kinda scary.
AMLN was strong and hit target - believe it traced to .38 TraderX Fibbo before heading higher.
i have to learn to trust the set-ups, particularly new HOD after 1pm and brak above Fibbo extensions... much larger bars than im used to trading.
great trade on TEVO. congrats!
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