I hope you caught these...
I tell ya... trading sure is easy when you look at charts at the end of the day and pick the perfect entries :)
So, I'm on vacation this week but I'm still running my scans to see what I would've missed (pure torture). Here are a couple of stocks that came up on 7/3:
ACH - Long, 15-min
- Placed fibs from low to high of the first bar
- Price retraced and leveled off at the 38% level
- The 10:30 bar formed a perfect candle at the 38% level. This is where you have to weigh the risk as price was still a bit far away from the 5ema (at least for my tastes).
- There wasn't a real exit point so I think I would've exited close to end of day
ACAS - Long, 5-min
- Placed fibs from first bar high to second bar low
- Priced retraced back up to the 61.8% level then fell back down (looking like resistance)
- From 10:10 - 10:25, price retraced back down to the 50% level
- 10:25 bar burst back up and through the 61.8% level on increased volume (more than 1.25x the previous bar)
- I would've entered of a break of the 10:25 bar high
- I would've exited off somewhere around the 11:50 area
2 comments:
You are right. All look so easy. Have a great vacation@
July 5th
you, hindsight is 20/20, but thats one thing X always stressed, was chart review.
Hit AEM on the 15 min bar that closed above 38.43. 39.15 was 1.382 extension - out at 39.08. low stress trade - never really shook back and continued above the fibbo projection.
QQQBall
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