tag:blogger.com,1999:blog-1325562478910773152.post3016999216438585811..comments2023-10-05T07:58:27.997-04:00Comments on OONR7: 'Couldvebeen' dayUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1325562478910773152.post-80573800275205095692008-05-16T02:12:00.000-04:002008-05-16T02:12:00.000-04:00K.I.S.S.K.I.S.S.blhttps://www.blogger.com/profile/00896711870488137533noreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-83562478683305603632008-05-15T18:28:00.000-04:002008-05-15T18:28:00.000-04:00nr7, thanks for the explanations.nr7, thanks for the explanations.PDThttps://www.blogger.com/profile/09425552690363577638noreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-5823656286693960612008-05-15T16:53:00.000-04:002008-05-15T16:53:00.000-04:00Prophet was not working early in the day...(the fr...Prophet was not working early in the day...(the free basic sub anyway :-))<BR/><BR/>Fortunately IB scans had most of the candidates for today. WGOV was also on briefing and INET... I too was stalking WGOV all day from a short 8 stock list and gave up after 14:00... It looked like it was just following the NQ. It popped with the market at the EOD. Tommorrow is OEX, generally not the best for gappers.greytraderhttps://www.blogger.com/profile/02100992252286341619noreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-63865772921259631582008-05-15T16:49:00.000-04:002008-05-15T16:49:00.000-04:00pdt: yes, my entry was based on an nr7 that formed...pdt: yes, my entry was based on an nr7 that formed right below the ORH. Only thing I didn't like was that 4 bar downtrend prior to my entry. I ended up taking a smaller risk size because of it.<BR/>For the 5-min entry, the 2:50 bar is what I call a 'failed reversal' setup. Meaning... there was an uptrend starting 3 bars back. The bar prior to my potential entry was a spinning top or a reversal area/bar. The potential entry bar (2:50) confirmed the failure of that reversal and a continuation of the uptrend. Basically... the bar prior to the 2:50 candle looked like it was going to reverse downward... but it failed.OONR7https://www.blogger.com/profile/17622886234639917711noreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-989573332900681182008-05-15T16:35:00.000-04:002008-05-15T16:35:00.000-04:00Can you explaining your thought process on the buy...Can you explaining your thought process on the buying the pullback on WGOV? I am still trying to get these down. <BR/><BR/>I see that it was an orderly pullback to the 50% fib mark from the daily low to morning swing high.<BR/><BR/>Did you like that it was NR7?<BR/><BR/>Would you also mind explaining why you liked the 2:50 bar on the 5 min? I actually ended up trading it off of the 15min. I saw a nice strong candle after a hammer. Both held the ORH and my trigger bar was accompanied by a nice uptick in volume.PDThttps://www.blogger.com/profile/09425552690363577638noreply@blogger.com