Do You Trade The Confluence ?

١٤ ديسمبر ٢٠١٧

Notes on the chart.

Trade safe, be healthy.
Do hit the like button.

Bravetotrade :-)

١٤ ديسمبر ٢٠١٧

ملاحظة

١٤ ديسمبر ٢٠١٧

ملاحظة

١٤ ديسمبر ٢٠١٧

ملاحظة

Close above 374 would be the first sign that further upside is possible.

The level 378 would be worth watching if 374 is breached on upside.

١٥ ديسمبر ٢٠١٧

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Took 1/3rd profit @ 377

١٥ ديسمبر ٢٠١٧

ملاحظة

We might face some Resistance or consolidation before crossing 378 as this is 61.8,% ret. if the recent down leg.

١٥ ديسمبر ٢٠١٧

ملاحظة

I might reconsider adding this 1/3rd position again if and only if the stock topples to 370-372 area.
The SL for the rest of position is same.

١٧ ديسمبر ٢٠١٧

ملاحظة

Although the candle on the daily chart was an indecisive Doji, it still managed to close above 374 -- our first level of resistance. It is a dubious positive signal for this trade as I dun see enthusiasm by the buyers beyond resistance. Some consolidation above 374 will be good though for the near term.

The big bearish candle of 12th Dec. is a very bearish signal, which might hurt our last target. If bears take control the stock might reverse from the 386 level. So at that level I ll take another 1/3rd profit and trail the rest for 393.

This trade is so far good and hope for the best.

١٨ ديسمبر ٢٠١٧

ملاحظة

As planned 1/3rd position was added again at 369.60 and exited at 377 again.
SL for the rest of position is below today's low.

١٨ ديسمبر ٢٠١٧

ملاحظة

I am expecting the completion of the current third leg. I ll also scale out as planned above.

١٨ ديسمبر ٢٠١٧

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There could be a bull flag break tomorrow.

١٩ ديسمبر ٢٠١٧

أغلقت الصفقة: تم الوصول للهدف

Second Target hit. Flag break worked. Left with 1/3rd now. Will update SL..

١٩ ديسمبر ٢٠١٧

ملاحظة

TSL is 384 now.

١٩ ديسمبر ٢٠١٧

ملاحظة

Stock is reversing just 2 points shy of my target. Its difficult to hold and wait at this point. I am trailing Sl to 388.50 now and exit entire position.

١٩ ديسمبر ٢٠١٧

ملاحظة

Sl revised to 389.80

١٩ ديسمبر ٢٠١٧

ملاحظة

Sl revised to 390.80

١٩ ديسمبر ٢٠١٧

أغلقت الصفقة: تم الوصول للهدف

closed position at 392.50
After such a nice trade, I would like to sit on hands for the entire week or even month. All the best.

٢٠ ديسمبر ٢٠١٧

ملاحظة

I am not participating in this down move.