Wednesday, July 27, 2011

MRX Short Trade Follow Up

This is one of the trades that you've had multiple opportunities to get involved with. The latest was yesterday - I hope you set your alerts because the exact entry we were looking for yesterday is at a nice profit already this morning.


 The red arrows denote former entries, the second one was posted around 11 a.m. so the positioning on that one was also quite good.

 As of yesterday's update, the trade was to look for a break below the descending triangle, which came on the open, a simple alert system would have gotten you into this trade at a decent profit already.

The break this morning was on good volume and 5 min 3C is confirming the move down.

If you are in this trade, feel free to contact me regarding management of the trade and potential stops. Please be sure to let me know where you entered.

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