Conditions: Trend following trade. Energy is on fire.
Entry: Market (7/04)
Stop: 10%.
Target: Let it ride, buy the dips.
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Current (general) preferred entry ticker conditions and entry signals are either.
a) Reversion to mean from overextension, providing there has been evident support from historical price action and/or a bullish / bearish pintail or...
Conditions: Growth/ highly valued stocks moving with the market. Trend following trade.
Entry: Market order some point today (12/04)
Stop: 5%. Small order. Re-evaluate and potentially larger position as price nears trend and/or previous high at start of April.
Target: Take profit/exit once weekly stoch gets to 25-20%. Monitor price action.
Downtrend noted since...
Condition: Ranging/trending. Overly ambitious sentiment that CAT will rebuild Ukraine.
Entry: Wait until after earnings. Test of trend, potentially an overbought daily stoch.
Stop: 0.5% above swing high from 18th Jan.
Target: 2:1 R minimum/ Early Feb consolidation/historic midline.
Downtrend noted since May 21
Current (general) preferred entry ticker conditions...
Downtrend noted on daily.
Entry order placed on 50% retrace of full weekly candle, the 50% is an attempt to maximise the risk/reward ratio. If it doesn't get filled, no bother.
Stop at high of weekly candle.
Target at support suggested by weekly line chart.
Commentary by my son.
