Trading The Flow
I don’t mind going along with
‘the flow.’ I might be cautious in light of the euphoric gap higher
and such a recent flow of red, but that’s where we have to let go of our ego and
focus on what is happening in the here and now. If your edge exists, trade it!!!
11:06:12
Intraday
Setup Alert
Magma Design (LAVA)
is forming an ascending intraday triangle
as it tests daily chart resistance. Triggers thru pattern resistance and
above daily chart inflection points are set above 19.61. LAVA is up .92 at
19.50.
So even though ‘LAVA’ might
suggest the color red, in today’s trade the ‘hot way’ to trade Magma Design is
by going with the new, long flow and the color of money, in order to capture the
edge in the here and now.