Tuesday, August 16, 2011

KCG Long Trade Management

KCG was a long idea from 8/5 the trade is up about 7% or better, depending on where you entered.

 Here's the original trade.

 This is the daily long signal and the yellow 10 day average which is usually the area of the first pullback for those who take a longer term view to this trade.

Here's the daily Trend Channel Stop, this will keep moving up so feel free to contact me for the current stop position.

 For a tight stop, I would use this 50-bar 30 min moving average.

There are signs of a pullback coming, but...


The 5 min chart suggests KCG may try to make it a bit higher, perhaps a new intraday high before pulling back, for those looking to maximize gains, I would consider selling a portion or all of the position on a new intraday high.

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