Matt, could you show an updated chart 17 from last nite, trying
to figure out where I went wrong this am with entry. held it thru
the dip, and then trailed stop for nice profit, but want to see
your chart vs mine. thx
MCP is a daily chart, so even if you don't have a membership to
Stockcharts.com. you can view it from the newsletter, was chart
number 17:
Last nights Newsletter
However per your request, here's the chart, as I said, the 20
day MA was support, notice how it bounced right off it. That
was a low risk place to buy a buy some with a stop just below it.
Many times you can put limit orders in ahead of time to
catch those and then if they trigger immediately put a stop in
place.
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Posted by hazbin1 on 2nd of Nov 2010 at 03:37 pm
Matt, could you show an updated chart 17 from last nite, trying to figure out where I went wrong this am with entry. held it thru the dip, and then trailed stop for nice profit, but want to see your chart vs mine. thx
MCP is a daily chart,
Posted by matt on 2nd of Nov 2010 at 03:41 pm
MCP is a daily chart, so even if you don't have a membership to Stockcharts.com. you can view it from the newsletter, was chart number 17: Last nights Newsletter
However per your request, here's the chart, as I said, the 20 day MA was support, notice how it bounced right off it. That was a low risk place to buy a buy some with a stop just below it. Many times you can put limit orders in ahead of time to catch those and then if they trigger immediately put a stop in place.