Tuesday, July 14, 2009

FUQI Setup: Ready To Squeeze!

15 comments:

Anonymous said...

great call, i love this stock. What is your target?

Stewie said...

targets to about 18-19

txchick57 said...

I took half off for $2 and moved stop to 17 even. That was a great call. Do you put these out via your monthly thing? I have been trading for 20 years but never have time to do scans and look at anything other than the stuff I trade all the time. I sure know what to do shen someone shows me something like that.

Stewie said...

i give out trading setups like this to my members all the time. what you see on twitter is only a fraction of what i do for my paying members.

Stewie said...

and great work managing the entry and exit of that trade by the way!!

txchick57 said...

just signed up. I owe ya that much for this trade!

Stewie said...

ok txchick. you must have made some nice coins on this trade then. :-) lol.

txchick57 said...

1K banked and another $600 min. on the other piece unless it gaps down. I took 1,000 on this one because the wedge was so clear and it was so clearly at the bottom so it wouldn't cost too much to find out you were wrong.

Had a great day today. Came in leveraged long on the dry bulk shippers and this one was a bonus.

ganez said...

Okay, I signed up for the trial...even though I am not a fan of family guy :). Great call on an original chart read there...

Stewie said...

ganez: thanks for signing up. i am hoping to get you to like family guy shortly. :-)

Stewie said...

congrats txchick. that sounds like a wonderful day that only got better and better!!

Anonymous said...

Hi Stewie,

Do you normally wait for confirmation of a breakout to enter the trade or do you test the waters before the breakout? Thanks.

Stewie said...

i try to avoid waiting for the breakout. i like when momo traders carry me higher. i want to get into the trade when it looks "least obvious." once the breakout happens and the trade starts to catch on, i'll be looking to ease out of the trade. in general that's what i try to do but there are times when i buy into momo breakout. just depends on the market's character. trading is an art, remember?

Stewie said...

guys: listen to these words that txchick wrote: "it wouldn't cost too much to find out you were wrong." read it and you'll see why WEDGE trading/setups are MY ALL TIME FAVORITE PATTERN TO TRADE.

txchick57 said...

Just booked 3.07 on the other piece. I leave the crazy stuff to other people. Awesome call.

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