Beyond the FE setup (BTFE) - 5 min chart, Fibs over opening 15 in range, 8ema
Trigger:
Buy above 18th hammer like bar, which also rested up against the FE. 8ema was rising, and a VWAP line crossed over (VLCO) the 8ema on the 14th bar.
Exits:
Exited 1/2 at 15.98, and other 1/2 at 16.23 (2 cents below the HOD)
Notes:
In the premarket, 15.75 was resistance, which also happened to become the FE.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2011-03-29 09:58:17 | RSH | buy | $15.470 | long |
2011-03-29 10:01:23 | RSH | sell | $15.380 | 0 |
2011-07-26 11:04:03 | RSH | buy | $15.760 | long |
2011-07-26 11:18:03 | RSH | sell | $15.980 | long |
2011-07-26 11:29:42 | RSH | sell | $16.230 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!