Feb 8, 2008

Truth in online advertising

Click here for funny material... yes, CLICK HERE!!


Tom T. said...

oonr7 - does UTIW present that 2 bar retrace scenario you mentioned earlier - I think it has been a few months since you last discussed it.

OONR7 said...

tom t: most of my charts over the past month or so feature a 2 bar pullback then enter strategy. Some I've labeled 'failed reversals' where there's a 2 bar pullback, a potential reversal bar and the my entry which closes in the opposite direction of the potential reversal bar.

As for UTIW... I think it made it on my watchlist initially but I removed because price was hanging out too long in the upper part of the :15 OR. I would consider the two bars preceeding the 2pm bar as a two bar pullback (not much) and then the 2pm bar is the reversal. However, I don't like where this is all happening and I also don't like the lower tail on the 2pm bar. I like my entry bars to be strong (for longs) or weak (for shorts).