-11 Week horizontal range
-Would take stock to all-time high on an already amazing climb
-Declining volume into potential spike
80 basis points planned but will likely be 30-40 on initial tranche
-Would take stock to all-time high on an already amazing climb
-Declining volume into potential spike
80 basis points planned but will likely be 30-40 on initial tranche
Komentarz:
Buy stop order @ 18.14 with a stop @ 17.78 for 30 basis points of risk
Zlecenie aktywne:
Filled on the open @ 18.16 for 30 basis points
Komentarz:
Very happy with the volume confirmation
Komentarz:
Price Gap with expanding volume is a good sign.
Stop moved 18.04
Stop moved 18.04
Komentarz:
Stop at entry 18.16
Komentarz:
Price has met measured move of formation, however, this is a trend following play and my exit strategy is the 2 day away trailing stop as outlined in 'Technical analysis and Stock market profits' pg 368
Komentarz:
Stop moved 18.51
+1R locked in
+1R locked in
Komentarz:
My stop implementation has been incorrect. Stops are suppose to go 5% below minor lows upon price reaching 2 days of new highs, not right up against minor low. My thanks to @blav007 for helping me realize my error.
Stop is at entry @ 18.16
Stop is at entry @ 18.16
Transakcja zakończona: osiągnięto poziom stop:
Well. Stopped out at break even. Should have closed at measured move. Trend is probably not broken but I will not tolerate a trade that was in profit dig back into my capital