Entry @ $140.04 *** late posting***
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| Entry | : | $140.04 |
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| Exit | : | $148.00 |
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| Stop Loss | : | $139.50 |
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| Risk | : | 0.54 |
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| Gain +/- | : | 7.96 |
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| R | : | 14.74 |
This 1st trade is similar to the trade set-up
I traded yesterday for this stock. A violent move down to the major support line in the daily chart and then a WIDE cstick reversal/bounce along support line. The pattern for the 1st trade can be considered as a FLAG. Entry was when price cleared the descending blue line. I closed the position before the end of the day.
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| Entry | : | $143.59 |
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| Exit | : | $148.00 |
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| Stop Loss | : | $142.50 |
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| Risk | : | 1.09 |
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| Gain +/- | : | 4.41 |
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| R | : | 4.05 |
The 2nd trade is a breakout trade when price cleared the resistance line at all time high. I closed the position before the end of the day.
6 comments:
Hi MC. what kind of charting service do you use? thnx.
Alex G.
Brilliant trade. You bot it $2 before me.
Alex G.
Thanks man...you did very well as too. It is basically the same set-up as yesterday...bounce at support then it consolidated into a dummy or imperfect FLAG
Nice to see yesterday's snapshot posting of your actual day trades with prices.
Maybe you set a new trend.
Great trading.
Thanks crazytrain.
MC, great entry! For those who have a hard time believing your entries, there was still plenty of time hop on the train. Keep up the good work. -TVH
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