Trading the Trends by McAllen Fred

Author:McAllen, Fred [McAllen, Fred]
Language: eng
Format: epub
Publisher: Fred McAllen
Published: 2011-10-01T00:00:00+00:00

Trade review

After being in the trade for about eight months, our stop loss has once again taken us out and our money is safely in our account. Let’s see what we missed after we were taken out by our stop loss.

The support at $125 did not hold although the stock tried to stay above it. As you can see the stock traded down to the support on August 2, 2011 and held. But the next day it traded below it, which took us out of the trade, before closing back above the support that day. But that didn’t last long.

See Figure 16f following.

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