_______________
The Psychology of Handling Large Drawdowns
5 days ago
Thursday, May 24, 2012
VMW - 052412
Charles posted this trade in comments - check out his analysis here, as well as other trades and more Facebook talk!
_______________
_______________
Subscribe to:
Post Comments (Atom)
8 comments:
Nice setup!
BMC, Friday, 15-minute chart, Fibonacci lines over opening range 3 bars, entry on a break of the 6th bar high. It was a hammer type bar with support from the RZ and the 5EMA. Sold a few hours later at the Fibonacci extension.
Tom
VIP (Vimpel), Friday May 25th. 15 minute chart. Opening range plotted over the first 30 minutes with fib extensions. Entered after the break at the 10th bar showing resistance to the 5EMA.It also broke through the opening range here. Used the 9EMA as a trailing stop. Exit at 7.33, but it ended up falling to 7.05.
Also note the wide range first candle.
Nice trade. Also 5/15 min doji. PAY Fri 25May nice chart 10/5 min or 5/10 min break short. no pos.
Nice trades Tom and T. Pasley.
very nice trade...
Facebook - look at below!
David
Heikin Ashi candles are a good secondary chart to be looking at when employing this method. Smooths it over.
Post a Comment