Trading Ideas

Discussion in 'Strategy Development' started by GG1972, May 11, 2010.

  1. GG1972

    GG1972

    Here is an idea in FCX - my basic premise was that after the big gap on friday and similar run up today we'd see some corrective action--wait and see approach is paying off. I watch 4 charts all different time frames to get an intraday tight entry so you can enter the trade for a big position and scale out majority of the position and leave a small trade as a swing trade that can be a multiple point winner(if that happens) -it also makes for bigger day trade winners
     
  2. Jesus you got crazy lines all over those charts. It looks like my 4 yo step daughter got ahold of them with her magic markers.
     
  3. GG1972

    GG1972

    LOL

    its nothing much just 50 sma 20 ema and 200 sma-those are all pretty significant points -not that I trade off them but gives a pretty good relative idea

    BTW if that seems a lot shouldve seen what I started with 4-5 years ago lol