
This was a funny trade. I've been working with Fibonacci Trend lines and the thing that makes this trade funny is I didn't pay attention to a crucial time point b4 yestrdays close. @ exactly 3:45, as indicated by the time lines the stock reversed its trend dropped to .156 and closed @ .1599. Had I waited for the reversal I could have bought cheaper and closed today with a prophet. The lines work well. I just need to adhere to them.
| Date | Price | |
|---|---|---|
| Entry | 3/5/2012 | 0.1649 |
| Exit | 3/6/2012 | 0.16 |
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