A break below the OR low and "offsetting bars":
A riskier entry since price had moved from the OR high, but it made a bullish consolidation into the 5MA with narrow-range bars:
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Tags:
trader-x, stocks, fibonacci, trading, igld, winn
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1 week ago
4 comments:
How do you handle options expiration friday. Do you trade it like any other day or take the day off(I hear others like to take the day off)Thanks keep up the great blog.
WINN was nice, but I could not find an entry. I need to look at the 10-minute charts.
Mark, I think X trades it like any other day.
David,
WINN's initial move above the OR high stalled at the fib extension of the OR-low to the OR-high and then set up what I saw as the low-risk entry-point. Visible on 5/10/15min charts.
Clive J
Nice WINN trade. If I could find one of those every few days, I could trade full time.
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