Sorry for the delay! A storm moved thru and knocked out the cable. I am now on dialup with a laptop and will post the next chart in a minute or three! Again, I apologize.
okay! It looks like you are long! But look at that candle, maaaaan! Can a guy/gal just get a clean move once in awhile. Btw, you made money again on that last trade! Nice job. Trade the Chart!
Here is the last chart! You all did a nice job. From your posted strategies, I suspect you would have reversed your long position to a short when the low was taken out of that last candle on the previous chart. And look what happened! This is the ADBE weekly chart.
Let's see, that looks like about 20+ points on your 5k shares over 6-7 weeks. Well of course you have to subtract commissions from that, that would be 1 round trip and I use Ameritrade so $22 total. Hmmm, maybe this "investing thing" ain't so bad. Of course, can you call it investing if you are short? See you tomorrow everyone and good luck!
My target is a tick (or three, depends on the market) above the low on the bar where we went long initially. My stop is the open/close of that doji previous to the long position.
Anyways I would wait for a 46.916% retracement of the range prior to CHD. Stop loss placed on 3% increment channels on a 2X6 matrix log. Finally, exit when there is a dry up on a 3 point p,v convergence. Its only for beginners and advanced level use the iceberg and macd 3 point convergence. -- MIKE