Finally, if "Snakes on a Plane" were a stock, I would have bought it at the open this morning. This thing is going to be huge. If you go see it, post your review in "Comments" - but keep in mind it is a "B" movie, not a high-budget Hollywood blockbuster. If you see it with that mindset, I think you will have a lot of fun.
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Tags:
Trader-X, Stocks, Fibonacci, Trading, Snakes On A Plane
14 comments:
Where did you exit? If you sold at the Fib ext, you did great. Sometimes they keep going, but most often they reverse in that area. You can't second guess yourself!
Can someone please explain what is .5R, 10R... what does the R stand for? Tradermike uses it, but I cannot figure it out... duh on me. Just curious.
LOL!
No reason to even sell MLS at the Fib extension - it set up nicely above it for a continuation move. Hold it until you see signs of a reversal on the 15-minute...13% so far.
GO X, GO SNAKES ON A PLANE, GO MLS!
this stock is coming off a bottom, how did some of you id this opportunity ? I wouldn't have been able to catch this one, low volume, but I guess a large % increase filter ?
Anonymous - post your name!
How did we ID MLS? It was a gap...that is what Trader-X's blog is about, trading gaps.
And volume was actually pretty high - over 7M.
I traded GSX for a nice percentage gain on a low price stock...off the 3rd bar hammer.
MLS as well, and HIBB was nice.
TJ
bourgeois... thanks for the explanation. Makes perfect sense.
I don't use "R" it doesn't make any sense to anyone except the author - if you make a buck say I made a buck else wise I lost a dime - simple that way. No R, S, or T's about it.
Missed MLS but caught MRK. MRK? - yeah a good setup but took forever to develop. In the end I made a buck.
Have a good weekend everyone.
bourgeois, do you have X's Fib spreadsheet to calculate the extensions?
Excel
Saw SOAP, and it was great. As X said, make sure you go in with the mindset it is a B-movie and you will have fun.
It actually got great reviews. AP gave it 3.5 out of 4 stars.
TJ
I saw it also, and it was entertaining. Thanks!
now i may have to see SOAP, but it will have to be on video. sam l jackson has been in too many bad flicks. "long kiss goodnight (goodbye) was the exception.
the fact that iy gusy liek superman much better than i worries me.
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