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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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Posted by Trader-X at 4:36 PM

2 comments:

esto said...

Welcome back Tom! Nice trade today.

5:28 PM
TJ said...

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

8:06 PM

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DISCLAIMER - I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES; I JUST POST MY THOUGHTS, TRADES, AND OPINIONS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS. ALL CHARTS ARE COURTESY OF REALTICK. ALL TIMES INDICATED ARE NY (EST).