How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz

Author:Andrew Aziz [Aziz, Andrew]
Language: eng
Format: epub
Published: 2015-07-21T07:00:00+00:00

Entry price and time

Stop loss price

We will let you know if your response is correct or not!

Figure 7.3 - Example of an ABCD Pattern trade on PCG on April 8, 2020. What should be the entry price, time of entry, and stop loss price? Email your answer to [email protected] or to Aiman at [email protected]

Another example is a trade Aiman had on American Airlines Group Inc. (ticker: AAL) on June 15, 2020. The airline and cruise line sector was very volatile during the first months of the COVID-19 pandemic as the future of travel was quite unclear. American Airlines was one of our favorite stocks to trade. Figure 7.4 below is AAL’s 5-minute chart and you will see that I marked three ABCD Patterns in it for you to review. Interestingly, point C fell on VWAP, which acted as a strong support during Aiman’s trades.

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