I have not featured many - if any - classic Trader-X setups. Here is one - Fibonacci lines plotted from the previous day's low to the OR high. I bought on a break of the NR3 bar, which closed above the OR high and had support from a rising 5MA. I sold at the Fibonacci extension.
8 comments:
Tom C,
Nice. Have been experimenting with 10" charts and IB's near the open: eog nfg uvv mfe exm vnus lz. You use the 10" anymore?
Excellent trade. If I could just make myself wait for these I would be so much better off, even if there were only a few a week. But instead I take subpar setups and give away all my profits.
bl - I had a lot of success with 10-minute charts, but no I don't use them any more. I found 5-minute more to my liking, but it is just my preference and I am not trying to convince anyone to change.
I greatly preferred 10 to 15-minute charts.
hey, BL - what are IB's?
its interesting that would have worked on the 15 Min bars - maybe you get later, but maybe the extension is higher, so its a wash.
qqqball,
IB=inside bars
Hello.
Reading the blog with interest. Also I have been reading the TraderX blog over the past month or so and I think there was some comments on setting up a chat room and/or website to post TraderX type trades and charts. Does anyone know if this was ever set up ?
Thanks
Following my previous TraderX comment and also the chat about 5" and 10" charts. I must admit that I have tried various ones and at the moment I like the 15" charts.
Hope you don't mind me mentioning here, but I have started my own blog, so if you guys want to have a wander over some time and let me know what you think, that would be great. It's mostly all TraderX type trades. I'm still a relative novice with regards to trading, so would welcome any input.
http://traderam.blogspot.com/
Thanks
Will X ever guest-blog here?
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