Trade 1
Short DD This was not from our list. But this is a chart we kept watching
over the last few days and delivered a recognizable pattern.
Entry 45.00
Stop 45.10
Target 1 44.75 But we got 1/3 +.30!
We immediately dropped our stop to 45 to b/e. Now a cannot lose trade.
Target 2 44.50 never hit.
We were stopped out to b/e.
Never the less risk/ Return .10/.30 300%
Very fast trade. We traded off a 1 min. chart here.You have to be on your toes
with 110% focus to take these early trades.I cannot over emphasise the value of
the trader education.
Trade 2
DCI was in our morning gap list. DCI gaped down to a support area. SO we had to wait for
a proper set up to develop .
Set up it did. However I could not take the trade at the first entry .
So we waited for a secondary entry.
Short DCI Entry 32.00
Stop 32.10
It immediately dropped .30 ! 1/3+.30
We lowered stop to 32 to b/e. Another cannot lose trade.
Target 2 31.00 never hit.
We were stopped out 2/3 to b/e.
risk/Return .10/.30 300%
Not the way we anticipated.
However we still had a green trade.
This trades goes onto show how we can enter a trade after a substantial pullback
for continuation in the same direction.
