Showing posts with label traderx_pushthrough. Show all posts
Showing posts with label traderx_pushthrough. Show all posts

Wednesday, April 8, 2009

ISRG - Trader-X's Push Through


Trade based on 10 min. chart

This trade was based on Trader-X push through method. ISRG was strong at the open. First candle is strong, 2nd is a spinning top and the 3rd candle is also quite strong. 4th candle is red but closes above the 25% Fib. retracement (30 min OR). Entered on the break of 4th bar high. Trade moved in my favor initially and then came back to stop me out at breakeven. After the trade, I remembered Tyler mentioning once that he prefers to go long when the trigger candle is green. I had completely forgot about that.