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at 2007-02-06 15:26:22
Wednesday's charts
at 2007-02-06 15:26:22
posted by Tom C:
X would probably rate this a "C+" - there were some long lower tails and the entry was above the OR low. But, I took the trade aware of the increased risk; and that is OK as he always says! I covered at the Fibonacci extension of the previous day's high to the OR low; look at the sharp reversal at that point!
HSY; 30-minute chart
I entered this trade on a break of the OR
CHL - 012507; 15-minute chart
at 2007-02-06 15:26:22
1.) What did I see?
A gap down and attempt to rally with the first three bars. The third bar leaves a long upper-tail at the declining 5MA, and the fourth bar is weak and falls back to the OR low. Price consolidates at that level for the next five bars, and the ninth bar forms a "hanging-man" type candle right on the OR low (the close of the candle = the OR low).
2.) What is the entry?
A break
Updates from TRADEthemove.com
at 2007-02-06 15:26:22
Our friends over at TRADEthemove.com have jumped into 2007!
: )
They have updated their material and now have their charts posted on the web instead of in the body of the manuals - so they are much easier to view.
I have not gone through the new material in detail, but what I have seen on my first initial read is excellent (previous purchasers get the updated information free).
If you are a
Busy weekend
at 2007-02-06 15:26:22
I have limited time to post, but wanted to point you in the direction of some interesting charts:
> Victoria posts a 10-minute chart of WFR Estocastica highlights a few trades As always, Jamie is doing some good things...
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Tags:
trader-x
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