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| You watch CSCO rally, congest and rally again. You buy the small 101 flag after the 1st-hour range break at 100 1/2. Nice trade. You exit quickly at 101 1/2 when the price bar strikes the top BB. Wanting to catch the wave, you get faked out by the 11:25am move to 102 1/4. Didn't you see the top BB contract as price rose? You jump in the small cup and handle breakout at 12:15pm, and exit quickly with a profit. Then you wait for a price pullback from the high but it's a fakeout. You stand aside while expanding price violates 3 moving averages in a few minutes. How would you have felt watching the action if you went long near 102 3/4 at 2:40pm? Is the breakout coming or not? How long should you stick around? Answer: price rolled over and Cisco dropped below 100 in the last hour. Where did you get out?
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