Let the blogging begin
Ever the one to catch on to a fad after it's been in existence for years... I have decided to start my own daytrading blog. Why??? I don't know, I kinda enjoy the freedom of having my own blog and doing and saying pretty much whatever I want.
Oh... and it's a good way for me to stay 'honest' with my trading. I figure since I've learned so much from others out there, maybe through this blog I can pass along some helpful trading tips.
Enjoy the blog!
To kick off the blog, I absolutely needed a good trade. So, what better day than today when I got short TTI. Here's the trade (5-min):
- Placed fib. levels from first bar high to low
- Price retraced to 50% level and fell back
- Price retraced again to the 50% and printed a shooting star-like candle (with increased volume)
- Entered on a break of the 10:15 candle
- I looked at the daily chart and saw a nice support area at $25.46 (from 5/7) and used that as my target (kudos to Jamie)
- Exited my entire position when price hit this level