Friday, August 13, 2010

AAPL

Just met the target for a long trade-this is a short time frame trade, meant to follow the market bounce. I would suggest using a stop that locks in gains, perhaps something like a 50 bar moving average on a 5 min chart. This is considered a counter trend trade and thus is a little risky so I wouldn't over commit funds to it. You could also use higher highs, higher lows =uptrend definition for a stop.

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