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OII

Oil Stocks PatternNYSE:HAL NASDAQ:PTEN NYSE:VAL NYSE:YPF I hope you can see the pattern. Some are overextended but others are still at good levels NYSE:WHD NASDAQ:PTEN NYSE:HAL NYSE:OII NYSE:TDW Reasoning Whole Industry is moving! Consolidation seems done Correction is not overextended Good Relative Strength Great earnings RSI tested bullish range multiple times Always try to use 2 timeframes My Would Be Trade Plan - Risk about 1.5ATR and aim to ride up to 4.5ATR (1:3) - Raise stop once Trade moves 2ATR in your direction - Add on new highs after a pullback. (Then raise stop to keep original risk and also do not modify the target price) Main Sources of My Knowledge Mark Minervini Constance Brown William O'neil Speakers on Trader Lion Youtube Adam Khoo My Indicators 14 Period RSI. 9SMA and 45EMA Moving Averages added Composite by Constance Brown This is for catching failures in the RSI. The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that Composite Settings Author : Constance Brown (Connie Brown) RSI Length : 14 RSI Momentum Length : 9 SMA Length : 3 Fast Simple Moving Average : 13 Slow Exponential Moving Average : 33
NYSE:VALLong
by vssebuyungo
2
HOW-TO Exit Trades Correctly? Important LessonsTrading is a game of mental challenges You don't just need to have a great method You don't just need a great indicator or an algorithm What you need is the ability to make the Correct Decisions at the Right Time. I Executed a Trade on ESI right at the breakout point. It was a good entry. Held it long enough But later lost discipline got too aggressive with SL and moved it BE. The next day it flew today it hit my 2R profit target number 2. Lessons Lessons Lessons Meanwhile, I held OII through to Target point 2... In the related ideas below you will See another such trades I messed up. I took Long on NYSE:GAB and got out early. Watch where it is now. It is very important to execute your trade plan as much as it is important to have a good plan based on a solid strategy. An Alternative Method of trading this Pattern I have an alternative method here. See if you can make sense of this? comment below if you need clarifications NYSE:ESI NYSE:OII NYSE:CBRE NYSE:GAB
NYSE:ESIEducation
by iTradeAIMS
2