In the comments of the previous post, there is good analysis of trades in the following ADM chart, including discussion on targets, when to exit, and second entries. There are also many additional trades discussed - I will let you pull those charts up on your own.
Here is the ADM chart - refer to the
comments of the previous post for analysis.
I am still enjoying Spring, so posting will be sparse for a while. But that should not keep you from going through, and participating in, the comments section!
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10 comments:
That second entry looks below the EMAs...would you have taken that?
Rog
yes but if you have a 10 ema, the 2nd entry is supported by the 10 ema....
so if you by chance using consistently 10 ema, you have a very good entry there for a 2nd chance cuz everything line up there perfectly...
but of course it is more risk involve cuz you are using longer trend ema
If you didn't want to take it below the EMAs, there was a nice entry a few bars later supported by them.
Nice trade and comments. Enjoy hearing from other traders.
Monday, VRTX, 15-min chart. Fibonacci lines were over the first five bars, and I entered on a break of the 1:30 bar. That bar was a hammer, and was rising off the 5EMA. I sold at the Fibonacci extension.
Tom
Is that 1:30 eastern time? And, is this Tom C.?
Any of you guys taking shorts? CTSH today, break of the 1:15 bar's low as it closed below the 38.2% retracement. Fell back down to the morning low. Thoughts?
Daniel, yes on EST. No on Tom C.
Tom R!
James, nice short. I am about 75% long trading, but that would be the kind of short I would take!
Tom R.
Nice u-turn today, Tuesday. 15-min chart, fibs over the first 4 bars. Price climbed back above the morning low at the same time it crossed the 5 and 8EMAs. I entered on a break of the 1:30EST bar. Same time as yesterday's trade - it must be my lucky time! Rode price up to the 61.8% retracement. Nice gainer.
Tom R.
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