tag:blogger.com,1999:blog-9459815.post116863974864608003..comments2023-07-03T06:33:52.478-04:00Comments on Trader-X...views from a distorted mind.: TELK - 011207; 30-minute chartTrader-Xhttp://www.blogger.com/profile/15148372813905710453noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-9459815.post-1168662225090710112007-01-12T23:23:00.000-05:002007-01-12T23:23:00.000-05:00I was in VOL today, and I mention this only becaus...I was in VOL today, and I mention this only because it was beyond the Fib extension. Hopefully the technical analysis was correct. A break of the 10th bar in the 15min chart was my entry after the action tried to break through the Fib extension and had failed. The 5EMA was acting as resistance. The following few bars gave probably additional (or better) entry points. Next question was where to exit. I used the concepts in the blog (thanks again)and draw another Fib extension using the same size, what led to 57.34 approx. The 18th bar was at that level and a very narrow bar with the 5EMA on top of it, so I took it as a "go" and decided to wait. Of course I left before the end, but 2.40 per share was so good (as X says: you never go broke taking a profit). Sorry for the lengthy comment. If the analysis was correct (Tom make sure you destroy this comment if not!)and being my second day of trading, the message I wanted to pass to all the new people I´ve seen appearing in the blog is that I became a believer, just study X, Tom C. and the other contributors. Thanks.Anonymousnoreply@blogger.com