Charts and more charts. Plus sporadic thoughts on the stock market, trading, politics, entertainment, sports, and everything else.
Saturday, December 13, 2008
Ford - 121208
Ford gapped down and rallied off the low.
I entered a long position when price broke through the retracement zone and pulled back to test that level as support. I sold at the previous day's high.
Hi X~ Did you say in the past that you use various time frames? I was wondering if when you browse through charts during the trading session you actually look at a single stock in multiple time frames (displaying all at once in separate windows) or if you just have one time frame open. Also, do you validate a potential entry by the action happening in other time frames? Thanks in advance!
It's my fault.
ReplyDeleteMy wife and I both have Ford's but my daughter wanted that damn VW Jetta so we got if for her.
It's only right that I cover the cost of the bailout...just give me a couple of days to come up with the cash.
-AT
Hi X~
ReplyDeleteDid you say in the past that you use various time frames? I was wondering if when you browse through charts during the trading session you actually look at a single stock in multiple time frames (displaying all at once in separate windows) or if you just have one time frame open.
Also, do you validate a potential entry by the action happening in other time frames?
Thanks in advance!