Sorry guys - I was supposed to post charts yesterday, but had a situation that came up and prevented me from doing so.
Here is a trade I DID NOT make, but was posted about in "Comments". I thought it was a great chart, and I will have to re-evaluate how wide is "too wide" on the first bar. RFIL, 30-minute chart:
I did trade NTGR. The entry was a break of the 4th bar high, which was the NRM and above the OR high. The only problem with NTGR is there was not a lot of room to the Fibonacci extension (of the previous day's low to the OR high); I was banking that it would break through that level - had it not done so, I would have closed the position quickly.
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Tags:
trader-x, stocks, fibonacci, trading, rfil, ntgr
3 comments:
For Thu, UAHC, 2nd 30 minute bar break.
HANS - break of the 7th bar high. Running to the Fib. ext.
DIOD - break of the 4th bar high. Looking to get out at the mid-point to the Fib. ext.
New to this blog...have learned so much in the last few days! Played HANS on the break of the 5th 30 min bar.
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