notice how the low on your WRES was 3.96 while the 200 MA was
3.95, only 1 penny, then it bounce. Like I said, it's amazing
how you can get day trades off those MA's if you know where they
are ahead of time, put a limit order in so you don't have to watch
it.
otherwise will it stop ultimately at the 200 MA? IDK, hard
to say, the daily needs a lot of work, the 60 min chart needs to
turn up too.
but yeah if your really like the name, your stop can be
tight
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notice how the low on
WRES
Posted by matt on 10th of Mar 2011 at 12:53 pm
notice how the low on your WRES was 3.96 while the 200 MA was 3.95, only 1 penny, then it bounce. Like I said, it's amazing how you can get day trades off those MA's if you know where they are ahead of time, put a limit order in so you don't have to watch it.
otherwise will it stop ultimately at the 200 MA? IDK, hard to say, the daily needs a lot of work, the 60 min chart needs to turn up too.
but yeah if your really like the name, your stop can be tight