tag:blogger.com,1999:blog-9459815.post3146708062562701477..comments2023-07-03T06:33:52.478-04:00Comments on Trader-X...views from a distorted mind.: Apple has more cash reserves than the US governmentTrader-Xhttp://www.blogger.com/profile/15148372813905710453noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9459815.post-16487668922552194082011-08-01T17:04:36.976-04:002011-08-01T17:04:36.976-04:00Oh, 5-minute chart. And this to me is like the cla...Oh, 5-minute chart. And this to me is like the classic X setup but short instead of long - gap, pullback to retracement zone, then move to the Fibonacci extension.Genenoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-49556675021304148662011-08-01T17:03:14.842-04:002011-08-01T17:03:14.842-04:00SOHU was a nice short today off a break of the 6th...SOHU was a nice short today off a break of the 6th bar low. I would have liked for that bar to be red, but it left an upper tail at resistance from the 8EMA and the 38.2% retracement of the opening range. I held it until it reached the Fibonacci extension, which was most of the day. But it was a big winner for me and a great way to start the week.Genenoreply@blogger.com