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FXJ --- Live Trade


Thought I'd post a Live Trade :


Using the same KISS principles as I posted with LHG in early Oct.


Trouble was as I was posting my daily thoughts about LHG  , I was being shot down by the GURUS , --- Well I'm afraid being human do'es  have its baggage of emotion , we are not all Mr Spocks


But the KISS principles did prove the GURUS  wrong ! --- not only did LHG  hit it's target , using the the same principles it has so again in another 2 out of 2 trades -- not to bad : 3 out of 3 trades in 3 months in profit--- also looks like the " Stirup Trade " setup mentioned back then could still be a goer !



The current trade is FXJ ---  no prizes for this one -- just an example of KISS over Complexity :


TRADING PLAN :



FXJ 


Entry   1: break of Bull Flag -- Last Wed 29/11

Target 1: Flag Pole depth = 40c , = 5.20 + .40 = $5.60

Stop    1: Count Back level 4.80 -- this is now @ 4.95


Entry   2 : Rising Triangle , after flag -- enter this Mon 4/12

Target 2 : Same as T1

Stop    2 : Rising Stop , based on Target of .40c and following R/T trend line



Entry  3 : If FJX  SP dropped below the Tri Trend Line BUT remained above the Tri STOP : then a rise above the Count Back for that Low would signal a 3rd Trade -- The flag trade would have been stopped out and closed.




Notes : High relative Vol during the Flag Pole followed by Low relative Vol during pattern set ups .




So here we have three separate trades in the one stock -- all with the same SP target but different risks (stops ) -- all  based on the same KISS principles



Cheers


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