20/02/14 – Massive price action on this DTV Stock at the beginning of the session witnessed the Take Profit Limit Order being taken out and closing the trade with a 1.9% profit on my trading account balance. Something to consider in the future is to move the take profit limit order higher than the target zone as I am moving the Trailing Stops. The only danger with this is that the target zone is indeed a resistance level for the price. As Below
19/02/14 – With good positive price movement yesterday for this Long trade on the DTV stock and closing 2/3 of the way to the target zone, I have moved the Stop Loss to 71.38. This is below the lows of the last 3 sessions and locks in 0.5% profit on my trading account balance . More importantly this trade on DTV is now a “Risk Free Trade” . Chart as Below
06/02/14 – The Stop BUY order tip-toe triggered for this DTV Long trade in today’s session. Looking for the momentum to continue and get above the Fibonacci 0.25 retracement level taken between Wave 2 & Wave 3, in tomorrows session before the close for the weekend. As Below
06/02/14 – This potential Swing trade on the DTV Stock is setting well with the price finding support at the Fibonacci 0.5 retracement level that is taken between Wave 2 and Wave 3. As the Trend Channel is below 0.9, I need to use the 6/4 MA High line to trigger the trade and then there will be 8/9 of my trade setupindicators in the green upon entry. The Stop BUY order has been placed conservatively above the 6/4 MA High line and above the highs of the last 7 bars (days) @ 70.14 with the Stop Loss @ 77.20 and the Take profit order @ 74.50, which gives a Risk to reward ratio above my minimum acceptable 1:1.6. Charts for this potential Long Trade on DTV – NASDAQ as Below.