Just a quick post in case any of you want to put some trades in "Comments".
Also, Brett Steenbarger - author of the book "The Psychology of Trading" - made some nice comments about me on his blog, which is on my BlogRoll and can be found here. He has a lot of great information, and I picked up his book this weekend and will be reading it over the next week.
Check out his blog, and the other great blogs on my BlogRoll. I will post charts later today.
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Tags:
Trader-X, Stocks, Fibonacci, Trading
Trading Without Drama
4 days ago
10 comments:
Hey X, hope you had a great weekend. I know you don't look at 5-minute charts, but HEPH was beautiful off a 2nd bar hammer.
Good trading to you all!
ORCT, 15-minute chart, break of 4th bar hit extension on the 5th bar. Low price stock, but nice % gain.
TJ
RHAT short right now 10:43 on the ninth breaking bar.
15 min. chart NGAS on the third breaking bar...heading for the extension at $9.14.
A lot of great trades today. I was a little late to the table but I managed to grab ACI about half way up for a buck and change before it turned around.
Tried flsh on 2nd 15 min bar and I got stopped out. I saw a big gap up with not too big of an OR, breakthrough of fib. Should I have been looking for a less of a wick on the OR?
Any comments on the trade?
jon, where did you enter flsh? I don't see any set-up there...no bar ever took out the high of the 2nd bar.
TJ
I got long on the 2nd bar as it broke the fib level.
If you entered on a break of the 1st bar high, that is very risky. I don't think you will find too many instances where that is done on X's blog...there is just not enough info yet to make a good decision.
TJ
Thanks TJ.
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