Monday, September 19, 2011

LULU and RIC Trade Reviews: Trading Intra-day "CUP & HANDLE Patterns" and "Psychological Resistance Numbers"!



Two Trades Taken at the ART OF TRADING! Explained in Full detail. So here it goes!



Here's the daily chart that caught my attention. Spotted some potential resistance lines which helped gives me potential targets upon breakouts.

Here's what the ART OF TRADING alert read:

"LONG RIC at 12.00 stop loss at 11.50"

"Going long this gold stock in anticipation of a breakout next week. Holding over weekend."




Here's the intra day (5 minute charts) that caught my interest: entry and exits: See notes on charts above!


Another Trade we did today at the ART OF TRADING!



LULU was on the watchlist the prior day which was emailed to members Sunday. LULU started to breakout on an increase on volume. These sorts of breakouts deserve your full attention.



Here's the intra day setup which was emailed to ART OF TRADING members right after the alert went out to better help explain the setup in real time:
This is what the trade alert read:

"LULU holding up very well in this mess. Looks gearing up for a breakout today or tomorrow. Volume seems to be picking up as it flirts with a breakout. Might swing trade this idea."




Target was 60.00 and we got stopped for a decent gain for this day trade after we raised stop losses to ensure to stop out just under that $60.00 spot.




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2 comments:

kunal00 said...

this is kick butt! thanks for the great learning..

Stewie said...

right on K-man! cheers man. I really appreciete your video reviews as well bud.

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