tag:blogger.com,1999:blog-19713238.post5781730314242712202..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Technical Picture - U.S. Markets Rebound from Japan MeltdownTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19713238.post-68210912387791410852011-03-17T23:24:49.362-04:002011-03-17T23:24:49.362-04:00Hi James,
The only thing I can add here is that T...Hi James,<br /><br />The only thing I can add here is that TSL was extended and testing the weekly pivot R2 at $28.71, whereas HPQ crossed above weekly pivot S1 on the open and had a lot more room to move.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-50969674094366657182011-03-17T13:43:05.878-04:002011-03-17T13:43:05.878-04:00Hi Jamie,
I also use the 15 min chart but I wante...Hi Jamie,<br /><br />I also use the 15 min chart but I wanted to post something that I thought was worth looking at.<br /><br />Today (3/17) I made two entries both on the 2nd green bar. I entered HPQ and TSL on an inside hammer bar that closed near the top of the OR and both had support from the 5 ema.<br /><br />Upon entry, I felt that TSL was a stronger setup because the 2nd bar closed very strong while HPQ closed with a tail. It turns out that TSL stalled out and reversed while HPQ ran up into FE for the full gain.<br /><br />In hindsight I would have entered both still, but I dont see how HPQ was the better setup than TSL or why it worked and the other one didnt. Any thoughts?Jameshttps://www.blogger.com/profile/13708767463859171421noreply@blogger.com