This Is One Way To Combine Key Indicators In Your Trading
It is triple witching
Friday. Stock options, stock index options and stock index futures
are all expiring today. This happens four times a year – the third Friday of
March, June, September and December. Normally on triple witching days, the
market behaves violently, but it has been a tame day so far.
10:00:50 (From TradersWire)
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
Buy |
ADBE | buy stop at 64.58 | Pullback |
64.38 | 64.90 | 64.35 |
TK |
Adobe Systems (ADBE) announced better than
expected its first quarter earnings, and the stock opened strongly. As you can
see below, it was not a wise decision to buy the stock at the open. If a stock
gaps up, it is usually better to wait for a pullback. Shortly before 10:00 AM,
ADBE began to test the 20-period EMA and 38.2% retracement level on the 3-minute
chart. Notice the stochastic was in the oversold zone. I placed a buy stop at
64.58.
10:08:02
Follow up on ADBE
Sell half to take a 25-cent gain. Move stop to breakeven.
10:14:25
Follow up on ADBE (Pt 2)
It has reached our target. Sell the rest or move stop to 64.90
T.Kamada
If you have questions, feel free to
mail them to me.
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