Tag Archives: fibonacci

EURCHF breaking 1.5100: A textbook perfect breakdown and reversal

By Paul | Published: November 26, 2009
Last night, EURCHF finally broke below the 1.5100 zone after weeks of consolidation around the area.  See Figure 1 for a daily chart of EUR/CHF.  I just happened to be looking at the charts when this breakdown occurred last night so I made a few day trades.  These scalps turned out better than I thought [...]
Posted in European Crosses, Trading Signal | Also tagged breakout, day trading | Leave a comment

Bought +1 BC 100 OCT 09 12.5 PUT @1.95, mark 10.81

By Paul | Published: September 25, 2009
Here’s one last try in shorting Brunswick Corp.  BC gapped open about 50 cents this morning  on an analyst upgrade.  It subsequently tested $11.00 with about 5 times first 30-minute volume.  It has since been in a trading range. Why is this significant?  Observing Figure 1, we can see that $10.85 is the 62% Fibonacci [...]
Posted in Stocks | Also tagged BC, entry, options, short | Leave a comment