Monday, December 8, 2008

TF Trade 12/8


1.1 point for now.

TF is stalling beneath 480 resistance. Waiting for it to retrace to fib 61.8 (around 462) before going long again for possibly a swing to around 490. An entry now is just too far away from where I would place a stop loss (slightly below 462 - the fib 61.8 retracement level).

TF 5min

No comments: