just realizing now this was a really nice trade. gapped up, placed my fibs over the mornings swing low to swing high. it retraced to the 50% line and hit the 20 sma. i bought some but didn't know where to place the stop. because i had no stop i just got out of the stock. looking back now, i could have placed it blow that wide range bar with the gray arrow. or i could have gone with the simple .25 stop loss. i don't mind giving a stock .25 to move against me but i hate it when i get stopped out for .25. put in different terms, i don't mind being down .20 or .25 as long as it goes my way, it sounds wacky i know. anyway, the stock it the 138 extension on the dot. i really should have been in this one for 200 shares. 25/.16= 156 -> round up to 200. max dollar loss, 32 bucks. exit at 138 fib extension of 32.16 = .87...mucho R...almost 5R. fuck i screwed up that trade