TRXC (I am almost out of posts) Follow up. Still watching this one since it has not quite hit my estimated target, link back for charts.
But is is also a nice example on the 15 minute chart on why I like to wait for the signal candle and then still wait 2-3 candles for a trigger of .05 higher for a buy confirmation. Had a false break out on the 15 minute chart this morning.
But if this catches support at the gap window top, and goes back up there is still a chance to hit the target. Takes some big kahoonas to hold trades like this or buy into them again.
We got a trigger to short IMHO let's see if they try to squeeze them one more time?
But is is also a nice example on the 15 minute chart on why I like to wait for the signal candle and then still wait 2-3 candles for a trigger of .05 higher for a buy confirmation. Had a false break out on the 15 minute chart this morning.
But if this catches support at the gap window top, and goes back up there is still a chance to hit the target. Takes some big kahoonas to hold trades like this or buy into them again.
We got a trigger to short IMHO let's see if they try to squeeze them one more time?
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