bravestar...Matt likely indicated because it had a base and the
MA's were aligned. With that said, it's prudent to consider taking
some profits on such a large percentage move and with price getting
extended relative to it's 9 day EMA (I discussed this last night
and showed examples). Then one could look to possibly buy
back (on proper setup).
You guys don't have to be all or none traders (even on
swings)..take some profits when the market dictates. The stock has
made a 30% move.
yes that is true - and honestly Steve and I forget to use that
swing box all the time, we mean to use it more but generally forget
about it.
NM is fine, again some profits should have been taken, if one
wanted to hold some with a stop below the MA's that's fine, or
watch it and look for entries back to the MA's that's fine too. It
doesn't mean that it will work out, just something to monitor.
NM was suggested as a swing trade
Posted by bravestar on 6th of Feb 2015 at 11:08 am
Where would you suggest a stop, and why was it suggested as a swing? Its green on the month and teh week.
bravestar...Matt likely indicated because it
Posted by steve on 6th of Feb 2015 at 11:14 am
bravestar...Matt likely indicated because it had a base and the MA's were aligned. With that said, it's prudent to consider taking some profits on such a large percentage move and with price getting extended relative to it's 9 day EMA (I discussed this last night and showed examples). Then one could look to possibly buy back (on proper setup).
You guys don't have to be all or none traders (even on swings)..take some profits when the market dictates. The stock has made a 30% move.
yes that is true -
Posted by matt on 6th of Feb 2015 at 12:34 pm
yes that is true - and honestly Steve and I forget to use that swing box all the time, we mean to use it more but generally forget about it.
NM is fine, again some profits should have been taken, if one wanted to hold some with a stop below the MA's that's fine, or watch it and look for entries back to the MA's that's fine too. It doesn't mean that it will work out, just something to monitor.
Swing box...
Posted by lsherrer on 6th of Feb 2015 at 02:58 pm
I wish you would remember to include swing indicators; I am trying to remain a swing-only trader, but I get tangled in the shorter views.