Re-Accumulation within Re-Accumulation

12 сент. 2017 г.

A smaller re-accumulation pattern within a larger 6 month long re-accumulation pattern. Culminating in a smaller/larger TSO (Terminal Shakeout). This trade offers an excellent reward:risk profile of 4.5:1 at the current level. Ideally, we wait for a JTC (Jump of the Creek) on the smaller pattern, followed by a BUC (Back Up to the Creek) on low volume; this would be the more conservative entry. The more aggressive entry would be to enter now before confirmation. I wish I had seen this chart on Friday, because I could have entered a small probe position yesterday, and taken advantage of the nice up days of yesterday and today (woulda, coulda, shoulda). I may enter a very small initial position tomorrow and add to it when and if we get a pullback. Good trading all.

12 сент. 2017 г.

Заметка

Correction, TOS on the larger pattern is SP

18 сент. 2017 г.

Заметка

Trade playing out well right now. Remain long at this time.