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Monday, July 24, 2006

SHPGY - 072406; 15-minute chart




1.) What did I see?
A gap up and wide-range first bar that closes strong at it's high. The second and third bars move above the OR high, with the third bar being a narrow-range (NRM), inside bar that closes above the OR high.
2.) What is the entry?
A break of the third bar high.
3.) What is the exit?
The target was the Fibonacci extension of the previous day's low to the opening range high; it was hit before Noon.

Set-up grade = B+

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3 comments:

Babak said...

X: in case you're seriously looking into WordPress, check out Optiniche.

Lots of good introductory info there.

Cheers

Trader-X said...

Thanks babak - it looks like a wealth of info.

Do you know anyone I can hire to do the conversion from Blogger to WordPress?

Babak said...

X: WordPress has a built in 'import' capability that makes it a snap to do the switch. As the name implies it imports all your posts from blogger (or other blogging platform) to WordPress.

Within minutes you have your blog inside WP - archives and everything! This is what Mike did btw.

It is unreal how awsome WP is - especially considering the price ;o)

Cheers