NUGT Trade on May 24, 2016 10:45 from robw_BOWS: Tradervue User Stock Trades.

Sim Day 11

For the past week or so, I've been researching and experimenting with Fibonacci projections. Today, I thought I would put it to the test with $NUGT for some scalp trades. For clarification, I wasn't looking for the home run. I had clear profit targets in mind using Fibonaccci.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-05-24 10:45:13	NUGT	sell	$80.050	short
2016-05-24 10:55:28	NUGT	buy	$78.340	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NUGT&trade=4612065&end=20160623&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NUGT&trade=4612065&end=20160524132028&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2016-05-24 13:53:51

"Scalp trades" .. my least favorite words. :) Still... nice entry on a clear level. Imagine if you'd let run?

Sorry... couldn't help it. :)

robw_BOWS

2016-05-24 14:17:27

As always, thanks for your feedback. As I stated in my comments, I wasn't looking for the home run. I had clear profit targets in mind using Fibonacci and Stochastics. Besides, due to work, I don't have time to stare at the screen for too long. Imagine if the trade went against me!

NUGT Trade on May 24, 2016 10:45 from robw_BOWS: Tradervue User Stock Trades.

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