101907 - GOOG - 5 mins - Loss*Paper

Symbol: GOOG
Type: Long
Result: -0.13R

• First, it was those Narrow-range bars painted between 11 and 1130am that caught my attention
• My Long entry was set to just above the 11:05 high (see line)
• But the prices fell back to 61% Fib (yesterday's low and today's high) before rebounding
• My entry point was met, and my initial target was the Day-High point
• It never quite got there
• I exited my position when prices fell back to my entry-point, for a very small lost