Did 2 trades (1st: Long; 2nd: Short) with Maxforce live yesterday. Here's the chart and transcript:
Trade #1: Timing to go long...
Trade #2: Timing to go short...
Related posts:
“Despite three years of falling prices, which have significantly improved the attractiveness of common stocks, we still find very few that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during The Great Bubble. Unfortunately, the hangover may prove to be proportional to the binge.” -- Warren Buffett, March 2003
Did 2 trades (1st: Long; 2nd: Short) with Maxforce live yesterday. Here's the chart and transcript:
Trade #1: Timing to go long...
Trade #2: Timing to go short...
Related posts:
©
Boon
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1:50:00 PM
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4 comments:
Yeap. An eye opener indeed.
Thank you kind sir :)
Your are very welcome!
Boon,
Why did you profit taking at 838.40? When the MACD is trending higher? Just curious.
Pokerface
838.4 is Pivot 3 in terms of 1-2-3-4 Swing, following a big down swing. Pivot 3 is a second chance for the bear to go short. Yes, the MACD on 220-tick was still blue, but you don't want to wait for it to turn red before reacting. In fact, MACD on 55-tick, which is your "trigger" time frame was already in red when Pivot 3 was forming -- this is more important in that specific situation. The chances of Pivot 3 taking out pivot 2 was high due to the predominant down trend shown that day. Therefore, I decided to lock in profit before the market showing signs of weakness, and it was my first trade of the day. I always look for a good start before anything.
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