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Exiting AAPL temporarily


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#1 MarketAlly

MarketAlly

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Posted 01 May 2013 - 08:33 AM

I am taking profits and watching the following as my trading plan:

  • a break of the steep yellow pitch fork is my exit for remain Calls
  • Dotted Red line is falling channel - a break up should send us to the solid $468 line
  • watching for wicks into $448.81
  • bottom edge dotted yellow line is my re-entry for portion long
  • purple bottom line is another 1/3 entry (if it aligns with 416.72 (may sell a few PUTs for revenue as well)
  • dotted white line is the ascending triangle - which if holds, confirms the inverted H&S

Trade Well :)

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The system wasn't designed so that most people could beat it.

* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation

#2 risk_management

risk_management

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Posted 01 May 2013 - 12:03 PM

Nice post. You've been trading well.