johnpaulca 12,036 posts msg #71737 - Ignore johnpaulca modified |
2/25/2009 8:52:54 AM
When you say you wait until it opens above the trigger....do you mean you wait until a 5min bar opens above the BB? And if the previous bar (that broke the BB) was a wide-range bar, then wait for a successful retest before jumping in?
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That's exactly what I mean...open and close above the trigger. This way you don't get as many head fakes and with a wide range bar you often get a retest of the breakout zone(BBand).
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johnpaulca 12,036 posts msg #71739 - Ignore johnpaulca |
2/25/2009 9:06:51 AM
FAZ...fresh off the press, I have highlighted the breakout and the retest bars.

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johnpaulca 12,036 posts msg #71740 - Ignore johnpaulca |
2/25/2009 9:37:45 AM
FAZ...long at $57.81(booya buy on 5-min chart)
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johnpaulca 12,036 posts msg #71741 - Ignore johnpaulca modified |
2/25/2009 9:39:50 AM
FAZ....hit target at $60...$2.19 profit
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13th_floor 724 posts msg #71742 - Ignore 13th_floor |
2/25/2009 9:53:09 AM
FAZ 61.5 +1200 from 58.5
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johnpaulca 12,036 posts msg #71743 - Ignore johnpaulca |
2/25/2009 9:54:04 AM
FAZ...short @61.41
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13th_floor 724 posts msg #71744 - Ignore 13th_floor |
2/25/2009 10:02:39 AM
62.5 +1600
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13th_floor 724 posts msg #71745 - Ignore 13th_floor |
2/25/2009 10:08:16 AM
63.5 +2000,letting it run$$$$$$$$$$$$$$$$$
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johnpaulca 12,036 posts msg #71746 - Ignore johnpaulca |
2/25/2009 10:10:41 AM
13th: way to get out of that hole. I tried shorting the demon but quickly got stomped out.
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johnpaulca 12,036 posts msg #71747 - Ignore johnpaulca |
2/25/2009 10:15:43 AM
FAZ...I will try again shorting at 63.46 with my stop at 64.64...need to give this dog a long chain
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