Friday, October 19, 2007

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



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