A submission from Eric:
"Trader-X, for your consideration:
TSCO, 5-minute chart, 8 and 100 EMA, Fibonacci lines plotted over the previous day's close to the current day's open.
I entered on a break of the 8th bar's high. Price gapped and ran, and then pulled back to test the Fibonacci extension as support. Also providing support was the 8EMA. I entered at $51.57 and closed the position at $53.00. I think you would give this a B or a C because it didn't bounce on the Fibonacci extension. It broke, but then made what you call an "offsetting bar" (bars 7 and 8) and rallied from there.
Thanks for the great site. Feel free to post my trade."
Nice trade Eric. I do prefer price not break the FE when it pulls back, but the offsetting bars with support from a rising 8EMA was a compelling signal. I didn't trade TSCO, but had I seen the setup I think I would have taken it.
Here is Eric's chart with the trigger bar and exit marked:
Trading 27-April-2016 (+ $66)
22 hours ago