High Chart Patterns Pick from last night's newsletter. They've done a complete analysis of the trade in tonight's letter, which is also posted on their their blog. GOOD READING.My only comment is Thanks! And secondly, I traded this cautiously because the market was so bearish. When I do that I get stopped out, and inevitably end up getting back in at almost the same price I was stopped on. C&H on break of morning base high with a 62% Fib. extension of the morning swing low to the base.
The thick black lines on my chart are the previous day high and low. Noticed that Harvey Walsh uses these to plan his entries. Also noted them on Anarco's blog. Big time saver.
5 comments:
Beautiful trade Jamie, way to get back into the trade after support held into the pullback.
You traded it better than us with that second entry. Hats off.
Great pick! Not sure how you guys knew DRYS would BO today, but all I had to do was sit back and wait for a low risk entry.
Previous day high held as support on the retrace caught my attention.
Sweet stuff Jamie. Awesome trade. Do you ever swing trade the position when you have a couple points profit?
I like your blog,i added u in blog my roll,could u please add me to yours.
Thanks Will,
Yes, but not during peak earnings season.
PRD,
I like your blog as well. Will add it tonight.
Post a Comment