How would you trade this

Discussion in 'Trading' started by ctrader, Sep 11, 2003.

  1. ctrader


  2. DTK


    IMHO, how about right below the the line you've drawn?
    If you want to give yourself a little more slack how about the low/open of the day that popped in early August? That way it looks like you still have a good 3:1 reward/risk if it gets back to the top of the channel.

    Just my $.02.

  3. I noted the past four trades to get a handle
  4. Here is a set up and the stops you need for first three days.
  5. ctrader


    Cool charts. How do you know the trend will start on tuesday?
  6. gms


    He's not saying the trend will start. He's depicting how you would apply the offset stop he's detailed if and when the trend were to start.
  7. I used the daily to estimate (See the green Stocastics vertical bars on the 50% rise. It tays "overbought" for the whole traverse. It will happen soon; either end of week is not likely, I feel.

    If you pick it off within a day of the next traverse of your IT trend channel beginning. It will turn out nicely anyway.

    There are stocks like your popping every day. Fun chart to work on.
  8. TGregg


    5.75. A notch above the previous significant high.
  9. ctrader


    Interesting.. you would short this? Probably if the trendline breaks?
  10. This issue looks like it is weakening to me.

    If it pulls up slightly and shallow, looking like a weak pullback, a short might be a play here.

    I'll try to get a chart posted later.
    #10     Sep 12, 2003