A possible trade for next week Minor hourly double top at previous swing high and resistance at 93.05 and 50-days SMA.
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Trading Criteria: 1.Trades are taken in two units 2.First unit would be closed at first target 3.Stop loss is then moved to break-even 4.Second unit would be closed at second target Notes: 5) If 90 percent of first target is reached without triggering entry I cancel the trade 6) If 90 percent of first target is reached I move stop loss to breakeven. 7) Remember: Losing is a main part of the game
Komen
Technician
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This trade should have been a winner.
Casey_Yeo
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Surprised that you didn't take it. Wasn't that a triple top after yesterday's gap up?
klionclinkz
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I guess it IS a winner. It's now 91.77 and still going down . Where's the loss ?
Technician
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Mates, this is a clear example of over the weekend risk, don't put a pending order late friday, wait for the market to open on monday to open your position.
klionclinkz
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Thanks for the suggestion. So is this trade closed ? OR ?
Technician
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This trade is not active in first place , because as i wrote on the title " for the upcoming week".
Technician
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The right thing to do now, is to look for a break below 92.30 to confirm a new short position