I think many of us traded HANS today - it just missed the Fibonacci extension of the previous day's low to the OR high; but you should have been able to take ~$1 profit out of it.
DD was a classic X "above the Fibonacci extension" play.
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Tags:
trader-x, stocks, fibonacci, trading, hans, dd
6 comments:
AMR - second time this week - took it off the break of the 4th 15-minute bar. I love this play I call it "Retreating to 8" - the price slides sideways to the 8-period EMA and takes off from there.
posted by Tom C:
John, X has been using the 5 on the 30 and it has given some good results. I think he got the idea form you. Check it out.
Where is X this weeK?
posted by Tom C:
I think he is in Boston collecting on a bet?
: )
nice trade john. that RFIL chart is a beauty. i figured we'd chop today, so i didnt trade anything intraday.
On DD, how do you set/adjust your stop after breaking through the extension? Break of previous bar low, break of MA line...?
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