How to make money using anticipation setup : KOD
This setup offers a very close stop and as a result you can quickly make multiples of your risk. Anticipation or as we call on members site “Ants” is a good setup for planned trade and offers very good risk reward.
KOD is an example of trade I did on Monday using “Ants” setup. KOD showed up in our anticipation scan as it had very high Trend Intensity of 2.33. On Friday stock was up .89% and it had consolidated near its high for 7 days. The consolidation was very tight and orderly. It is also called High Tight Flag. KOd was also in Newsletter.
The entry on this was on Monday open using a OPG (Opening Price Guarantee) order in Interactive brokers. Some brokers call this order Market on Open or MOO order. Entry was 64 which was the opening price. Stop was 40 cents. Which indicated a risk of .62%.
Immediately after open stock started to move big. In less than 20 minutes it was up all the way to 68.85. On thousand shares that was very big profit , so I decided to lock in the profit and sold 900 shares and made $3400 in less than 17 minutes. The rest 100 shares stop was moved to breakeven and got hit soon and I got out.
For $400 risk a $3400 profit in few minutes is 8R trade.
These kinds of picture perfect High Tight Flags are not very common but when they show up they can be very profitable.
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