Apr 3, 2008

LFC - Long

Step right up folks... don't be afraid. What you're about to see is a bonafide trading chart. That's right. You haven't seen one of those around here in a while but this is your lucky day. Don't feed the candlesticks!!!

Tried to enter off the 11:10 bar but price never went that high. Fortunately a nice inside hammer formed during the 11:30 bar (10-min) on what I thought looked like a nice bull flag pattern right above the ORH. Exited at the fib. ext. Also shorted HOT which was a nice looking chart on the 10-min view. After going my way initially price then turned against me. I was still able to pocket some dinero.



4 comments:

Dave said...
This comment has been removed by the author.
Anonymous said...

good deed..welcome to the fold

Trader A said...

OO,nice trade,

In some older posts you have an indicator with buy\sell arrows. is it Par.SAR, and do you still use it?
i am experimenting with it now in order to follow momentum and get better mechanical exits.

a

OONR7 said...

trader a: I just looked back at my first posts and I believe the arrows you are referring to are the paintbars I used at time to show me shooting stars, hammers and hanging men. Don't use them anymore as they really are easy to spot.