coolhat - it's intra day. However one thing that I've
pointed out is that shorts are much harder than bottoming plays for
this method because they are very strong and can continue higher -
always make sure to look at a 60 min chart and other time frames,
it's best if you see a wedge pattern or divergence. AER has
some divergence, I drew a pattern in. On the daily you could
move the trigger down to the doji low of yesterday instead at
37.75
Thanks Matt. I shorted on Tuesday when intra-day price was below
38.15 trigger. The stock traded down but closed above where I
shorted it. I have a stop in place a little higher to see if it
works...
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
AER short
Posted by coolhat on 26th of Dec 2013 at 10:27 am
Is the trigger price for AER short a closing price or intra-day price?
coolhat - it's intra day.
Posted by matt on 26th of Dec 2013 at 10:32 am
coolhat - it's intra day. However one thing that I've pointed out is that shorts are much harder than bottoming plays for this method because they are very strong and can continue higher - always make sure to look at a 60 min chart and other time frames, it's best if you see a wedge pattern or divergence. AER has some divergence, I drew a pattern in. On the daily you could move the trigger down to the doji low of yesterday instead at 37.75
Thanks Matt. I shorted on
Posted by coolhat on 26th of Dec 2013 at 10:43 am
Thanks Matt. I shorted on Tuesday when intra-day price was below 38.15 trigger. The stock traded down but closed above where I shorted it. I have a stop in place a little higher to see if it works...