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Monday, December 11, 2006

LCC - 121106; 15-minute chart

posted by Tom C:

I am back after an extended break, and was excited to trade today. But I did not find a lot of opportunity.

I was watching CAL as it made a nice climb after testing the OR high (9th bar, 15-minute chart) - but, I did not enter. I did keep an eye on LCC though, looking for similar strength. The 1:45 bar (18th bar) crossed back above the OR high and closed strong. I entered on a break of that bar, and LCC rallied to the Fibonacci extension. A nice, quick trade to get my feet wet!

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estocastica said...

Welcome back Tom! Nice trade today.

Jamie said...

Welcome back and nice work Tom! CAL was a nice one too.