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Wednesday, December 17, 2008

Wednesday roundup - 121708

As mentioned last week, my posting will be more sporadic than usual for the rest of the year.

Today I traded VRSN on the 15-minute chart. There were two long entries - one below the ORH which carried more risk (offsetting bars), and one above the ORH that was a textbook break and pullback to test resistance as support (resistance becomes support after the break).

I entered on a break of the bars noted, and closed my positions at the Fibonacci extension (FE).




Finally, I saw this on Pradeep's blog, and I thought it was entertaining so I wanted to share it:



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3 comments:

Attitude Trader said...

Holy crap! Awesome clip!

APPRECIATE!

It's a good attitude to have...

-AT

DK said...

Nice to see you are back blogging again.
-DK

Trader-X said...

Thanks DK - send me an email or give me a call sometimes.