CSCO 15 min chart

Discussion in 'Trading' started by inandlong, Jul 9, 2003.

  1. including the 40 and 200 sma's.

    Good luck!
  2. If I went long right now, where would you put your stop loss?
  3. A bar closing stop either just below the 40 or 50 sma, either would be right for me.

    I am inclined to reverse with a bar closing just below the 40 or 50 instead of stop out.
  4. Nice Call...bounced right off.:D
  5. There were two trades there that I was looking at, now only one.

    The consolidation break whcih we see now for a little bit and maybe more.

    The trade still to be decided is the potential short coming up. This is why I love the line chart versus bars or candles. Not for every view, but it helps re-inforce the idea that although intrabar price approaches a popular average and sometimes goes across and back again, it doesn't close across and back again and again wiping you out as many would have you believe.