Tuesday, August 2, 2011

SRS long Follow Up

SRS is a long trade from 7/27 The trade is up nearly 10%

 This remains one of my favorite trades and I think it has a lot of upside. For the swing traders, I would consider a trailing stop in this area. If you are long term, then I'd probably just leave it alone.

a 50-bar m.a. on a 30 mn chart would be my choice, although it could be widened out to a 60 min scale.

SRS isn't showing any dire signs, but there's usually a pullback after a break out from the base we were looking at.

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