Tuesday, January 13, 2009

LVS – A Slight Win

LVS - 2009-01-13 090035 - 15m LVS - 2009-01-13 085757 - 5m

  • An unconvincing Base and Break trade
  • Unconvincing because I really didn’t see any entry bar signaling an Entry
  • Instead, I just took the Opening Range Low (15mins) as the Base/Pivot Point, and entered Short when prices dropped below that level
  • Once I was committed to this trade, I adjusted the Stop continuously to a level that makes sense
  • I was then Stopped Out at $6.12
  • Prices did eventually hit my Target of 138%Fib

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