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Monday, December 01, 2008

Monday's action

I didn't trade today as I had to wrap up some family matters - it looks like I missed some good short opportunities across the board.

I will be back at it Tuesday.



Jay said...

Hey X,

I've noticed that your current 5 min charts do not have the volume bars at the bottom like you did in previous years. Did you remove it from your chart or is that something you crop off to fit the image?

- Jay

Trader-X said...

Hey Jay - I never used volume to analyze setups, so I took it off to simplify my charts. I only use volume to sort my watchlist.

I did the same with the Fibonacci lines...I removed the 38.2 and 61.8 and just left the 50% retracement...visually I know the area above and below the 50% line represent what I call the "retracement zone".