A very light day for me, as I am getting ready for vacation next week.
I traded MCHP on a strong move off the retracement zone (30-minute chart). See the 4th bar.
X is gone for the day, but asked me to post the DTAS chart he mentioned earlier. He gave the set-up a "C+" because the first bar was more wide range than he liked...but it worked out:
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Tags:
Trader-X, Stocks, Fibonacci, Trading, MCHP, DTAS
6 comments:
Do you guys ever go long on those Fibonacci reversals? There was good money to be made.
Enjoying the blog. Tom, in an earlier post you mentioned IBD 100. Is there a site or a blog that posts those 100? Thanks.
IBD100: pick it up Sat morning at your newstand if you're in a big city. Or library.
MRVLS: did anyone short Tues am?
MCHP:7th bar break/15 min along with 5 min 13ema bounce. Stalled late afternoon got out 34.30.
errr...chart? haha~ interesting though!
cheers!
hey Glenn,
IBD has a special that allows access to website and you get the saturday paper delivered. i forget how much, but it was minimal. i signed up for it, but i never go on the website. call and ask them?
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