I may take off a little early today. I had a few "quick hits", the nicest being COP on a break of the fourth bar high (15-minute chart). Note how the rising 5MA was providing support and how the fourth bar closed above the opening range (OR) high, and at a new morning high. COP rallied from that point and hit the Fibonacci extension of the previous day's low to the OR high four bars later.
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Tags:
trader-x, stocks, fibonacci, trading, cop
Thursday, November 09, 2006
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4 comments:
KGC was a great % gainer with very low risk on a break of the 6th bar.
T.J.
Nice trade TJ. Are you still holding?
Yes, it kept going through the Fib extension, and I will sell if it takes out a previous bar's low.
T.J.
Anyone catch GT?
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