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FXJ --- Live TradeThought 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 SpocksBut 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 29/11Target 1: Flag Pole depth = 40c , = 5.20 + .40 = $5.60Stop 1: Count Back level 4.80 -- this is now @ 4.95Entry 2 : Rising Triangle , after flag -- enter this Mon 4/12Target 2 : Same as T1Stop 2 : Rising Stop , based on Target of .40c and following R/T trend lineEntry 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 principlesCheers
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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