I will resume posting trades tomorrow.
"X, I took a short in TNS off a break of the 3rd bar low. Even though the 3rd bar closed green, it was weak and left a long upper tail. Price had already broken the OR low, and I saw this as a retrace to test resistance before continuing down. The trade netted over 7%.
TJ"
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Tags:
Trader-X, Stocks, Fibonacci, Trading, TNS
4 comments:
Good trade TJ. Where did you exit?
I wanted to lock in $1, as it was a big % gain, so I exited on a break of the 10th bar high which was a hammer. Ordinarily I would have held longer, as it was below the 1/2-way point, but I did not want to look a gift-horse in the mouth! In retrospect it was a good place to cover.
Thanks for posting my trade X!
TJ
nice trade TJ!
did you start watching TNS at the open?
MCY, 15-minute chart.
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