I spotted the capitulation on the 5min chart but I traded the mini-C&H bounce on the 1min chart. The initial target was the 100% fib extension drawn from the low of the cup to the base, and my exit was the 1.38% fib extension. Both targets were met without any difficulty.
6 comments:
Anarco,
I am glad to see you back and trading well. Great trade!
Tyler
Anarco,
I meant to ask how you get those colored rectangles on your charts. Is that an options in eSignal or another program?
Thanks,
Tyler
Thanks Tyler! I really enjoy traveling so it is never good to come back.
The software I use for screen captures is called HyperSnap DX. I am not sure it is worthwhile purchasing this application just for the coloring feature. You can achieve the same result by using Paint, which is included in Windows accessories under All Programs > Accessories > Paint in your PC.
Hope this helps!
Why not just trade the capitulation?
Not sure what you mean Jeff. How would you have traded it?
you are a master of capitulation trade.
Post a Comment