Replies to post #40797 on lowtrade

[lowtrade]

First turn OFF log scale on your charts. It distorts the chart look.

Try this;
http://stockcharts.com/h-sc/ui?s=FITX&p=D&yr=0&mn=3&dy=0&id=p34918514133

Good question. Actually top resistance is the highest price point reached by the candle body. And that is .115 seen more easily on my non log chart. I choose .11 because that candle was a large red one falling way back down. And I felt sentiment wasn't really up at .115.

But using strict rules, above .115 is where one should place their entry. I was getting a little brazen. LOL And look what could have happened, if I still had my entry open. .11 closed today and dove. But .115 actually didn't get reached and an order slightly above would have been safe/safer.

A lesson learned - follow your own rules. Enter after top resistance breakout for low risk safety. Is mine and bending that could have gotten me caught.