May 29, 2008

TE - Long

Another short watchlist day (which I really don't mind). TE was just about the only candidate that showed promise. If you look at the chart, you'll see how price interacted with the :15 ORH and viewed it as resistance. Bars 14 and 15 provided and nice setup at the ORH. I entered off a break of the 15th bar high which was an inside hammer bar. I wish it would've closed above the ORH but since it was a hammer and the spread was small (.05) I figured I had more reasons to enter than to stay put.
Exited all my shares just below the fib. ext. on a nice move upward. Monitoring a stock, waiting for the right moment and nailing the entry is just the best damn feeling.
I don't think I'll be trading tomorrow as I scored some great tickets to the French Open... just hope the rains stay away. I'll try and post some nice pics over the weekend.


Trader M.D. said...

Nice. Enjoy the French Open. Bring us back some pictures!

Tom T. said...

Is acting funny? Yesterday I got no stocks off my scans and today I got stocks but they did not appear to match what I was scanning for...-Tom

OONR7 said...

tradermd: I hope to share some great shots.

tom: yes, prophet's been acting weird. I've called and spoke to them just so they have it on record. Anyone's who is a member should do the same.