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Happy Groundhog's Day!
at 2007-02-06 15:26:22
Groundhog day. Groundhog's Day. Groundhog Day?
I will be trading today, so look for a chart or two over the weekend. Finish the week strong!
And, there are some good comments on Tom C's last post discussing exits and other topics. Check it out.
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Tags:
trader-x
SIMO - 020207; 15-minute chart
at 2007-02-06 15:26:22
I did not find a lot of "traditional" set-ups Friday. But SIMO provided an opportunity with an entry on the third or fourth bar hammers.
Note the reversal at the exact Fibonacci extension of the previous day's low to the opening range (OR) high. This brings up a point discussed in "Comments" of Tom C's last post. I use a "wide line" when determining my target; in other words, I will look to
Housekeeping - 020307
at 2007-02-06 15:26:22
I cleaned up my BlogRoll on the right sidebar - I took off a few blogs that have not posted in several months, and I added a few new blogs (hello Trading Goddess!). Check them out - all have something to offer.
I would like to give a special mention to Victoria - she has the great idea of creating a library of set-ups. Her blog is only a month old, but she has some nice charts. If she keeps it
Monday problems
at 2007-02-06 15:26:22
I am having some software and connection problems, so this morning is a bust for me. I hope you guys are making some good trades. Maybe Tom C. will post a chart later today...
On another note, it was a good Super Bowl last night - the rain made it more exciting than it otherwise would have been. And Prince set the bar pretty high for future half-time shows - excellent covers of Hendrix and Foo
CTSH - 020507; 30-minute chart
at 2007-02-06 15:26:22
posted by Tom C:
I mentioned CTSH in comments earlier - I entered on a break of the 2nd bar high (the 2nd bar closed above the OR high). I sold at the Fibonacci extension of the previous day's low to the OR high.
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Tags:
trader-x, stocks, fibonacci, trading, ctsh
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