YPF had a series of range contraction day and as a result I was anticipating a breakout on it. Today it had range expansion and we entered it intraday.
Anticipating breakouts like this can give you low risk entry points and instant profit post entry if the trade works. Everyday developing a list of such stocks likely to breakout gives you a watchlist for next trading day.
Anticipating breakouts like this can give you low risk entry points and instant profit post entry if the trade works. Everyday developing a list of such stocks likely to breakout gives you a watchlist for next trading day.
8 comments:
Would like to know trade parameters. See bullflag--- then a pop and retest and the high volume today. Did you use 15.38 breach as a trigger and is your stop below 14.60? Will you add if it clears resistance at 16?
Stop is 14.80 (low of the day). Entry was triggered after b/o and by the time the order got executed it was 15.44. I will not add unless it sets up again with range contraction.
Does BGFV follow the same parameters as YPF? Is this a stock you would enter?
Yes. Already own it.
I assume you entered today, and stop would be low of day like YRF?
yes
As BGFV has not gone anywhere in last 3 days, do you continue to hold it, or would you sell and get out, assuming it has lost momentum?
Still holding.
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