Swing/Position Trades

Is a similar force wave the same as continuation?Also, what's included in the "etc."?

 

Good question. Ignore the "etc."

I am posting a new chart with annotations that I hope answers your question. When I say wave, I don't mean Elliot.

Todays candle on the SPY could be classified as a high volume reversal.

 

Long NVDA @ 20.20

 

1/2 profits @20.71 breakeven stop on remainder

 

stopped out remainder NVDA 20.15. Net +.23

 

Covered 3000 QLGC @ 39.25

+ .50 points

 

long this morning NVDA @20.08

 

sold 1/2 position @ 20.91 + .83. Holding remainder with breakeven stop.

 

good job closing that QLGC short on friday. If it closes above 40 today it could make quite a bull run.

Also, check out EMC , could be an upside breakout.

 

You guys are most welcome to contribute to my thread in the Trading Section: "Poll: Swingtrading Versus Daytrading Debate"...

Regards,
Candle