tag:blogger.com,1999:blog-9459815.post114419457276858763..comments2023-07-03T06:33:52.478-04:00Comments on Trader-X...views from a distorted mind.: TuesdayTrader-Xhttp://www.blogger.com/profile/15148372813905710453noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9459815.post-1144242758016153852006-04-05T09:12:00.000-04:002006-04-05T09:12:00.000-04:00The first bar also left a long lower tail, so I th...The first bar also left a long lower tail, so I think that second bar hammer was a great entry. I actually traded this but sold the entire position at the morning high.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1144240932931245462006-04-05T08:42:00.000-04:002006-04-05T08:42:00.000-04:00Hey John - if that works for you, I cannot object....Hey John - if that works for you, I cannot object. But, for me, I would not have entered there. It would have already been 1/2 way to my first target, and I would have felt like I was chasing a stock because the hammer at support was - to me - the low risk entry.<BR/><BR/>Regarding volume, I don't look at it. I tried many times in the past but - for me - it does not give me any additional edge.<BR/><BR/>Good luck today.Trader-Xhttps://www.blogger.com/profile/15148372813905710453noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-1144236594035117562006-04-05T07:29:00.000-04:002006-04-05T07:29:00.000-04:00I think I would have bought on the first green clo...I think I would have bought on the first green close off the hammer i.e. bar 3. I know that is not an ideal setup but with a close stop it has a reasonable probability of success. Especially because of the underlying volume under the 3rd bar. That suggests a lot of buying pressure.<BR/><BR/>Your opinion?John Wheatcrofthttps://www.blogger.com/profile/07035854131151519369noreply@blogger.com