my question too -- for instance -- what was the rationale for
buying GROW this morning? It was 4% above breakpoint when it
opened. I'm definitely not questioning playing breakouts --
it obviously is working for many people here -- I'm really
asking, because it eludes me.
GROW opened up at 8.10 which was not above breakpoint and
continued to run. It was a nice bull flag pattern coming off
a 3rd wave high and thus supported another run to the upside.
my question too -- for
Trouble catching trades
Posted by Michael on 21st of Oct 2010 at 11:04 am
my question too -- for instance -- what was the rationale for buying GROW this morning? It was 4% above breakpoint when it opened. I'm definitely not questioning playing breakouts -- it obviously is working for many people here -- I'm really asking, because it eludes me.
Michael: GROW opened up at 8.10
Posted by steve on 21st of Oct 2010 at 11:06 am
Michael:
GROW opened up at 8.10 which was not above breakpoint and continued to run. It was a nice bull flag pattern coming off a 3rd wave high and thus supported another run to the upside.
GROW
Posted by Michael on 21st of Oct 2010 at 11:09 am
my mistake in looking at the chart.....on the trade ideas list it gives the breakpoint as 6.93
just missed the 50% fib
Posted by hazbin1 on 21st of Oct 2010 at 11:54 am
just missed the 50% fib ~8.65 on pullback on GROW
Michael - that was the
Posted by steve on 21st of Oct 2010 at 11:14 am
Michael - that was the intial breakpoint that we played and then it formed a bull flag offering another buying opportunity.