A trade from Dan...

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As noted in the previous post, I am taking a few days off to enjoy Spring so I am behind on looking through comments. Here is a trade and question from Dan on Thursday:

"I traded EBAY on a 15-minute chart, Fibonacci lines over the first three bars. I entered on a break of the third bar high, and sold at the Fibonacci extension. The only red flag was the bar was a bit far away from the 5 and 8EMAs, so I am not sure if that meant most would pass on it. The price action of the first three bars was strong, though, so I thought the risk worthwhile. I appreciate any feedback."


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