AAUK,ACH,AET,ASML,BHP,CAKE,CHK,CI,ESRX,GNW,GSK,HNT,
HUM,KGC,LKQX,MHS,MT,NUAN,PSD,SLAB,SONC,SQM,SWN,
SYNA,TKC,TOT,TS,TYG,UBS,UNH,WCG,WLP
NUAN (gap up)
First candle green, followed by 2 sideways candles. The 4th is bullish green off the ema and breaks the OR. Also it closes strong itself. This is our long trigger.
Entry: 17.31 Stop:17.02
Fib Ext:17.65
1R=17.60 2R=17.89 3R=18.18
We bounce around after entry but close back inside OR. Later in the day we reach 1R and take partial as the Fib Ext is also near this level. The rest is closed at the end of day (also for 1R).
Just the one trade today. From my watchlist, TS was a nice mover, but I couldn't get an entry I was happy with. SLAB did present a nice entry but it was too close to the Fib Ext, so I declined it. As it turned out it would have been good for 3R.
3 comments:
If you're long a stock and it reaches the fib ext, do you exit exactly at the fib, or do you exit a few cents below/above as 00nr7 does? Thanks
nice trade... excekkent discipline.
was looking to short FRO today, but realized too late i was on my computer set for my "cash" account, so no short. didnt chase it down, just passed. it wud have been a nice one.
justin.
I exit with a few cents to spare sme as oonr7.
thx
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