- Here is another trade that I would have taken had I been watching it unfold
- CNQR gapped up during opening, painted a very strong bar
- It followed by 2 consecutive Inside Bars. A weak bar followed by a stronger bar
- The 4th bar was a Hammer-wanna-be. The Upper Shadow was actually too long to be considered a Hammer
- And looking at it again now, I also noticed that the 4th bar also failed to closed above the Opening High. Something that I missed during real-time.
- But at that moment, had I been watching it unfold in real-time, my entry would have been the 4th bar, when it crossed the Opening High
- I would have Stopped Out by the 8th bar, and the prices did seem to have gain enough strength to go any further
Thursday, January 31, 2008
013108 - CNQR - 15mins - Observation
Filed Under ~ Observation
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment