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Sunday, August 19, 2012
Saturday, August 11, 2012
Here is one of many ideas that has come to mind. Lets review a weekly chart of DTV. Notice that this week after a year of consolidation it has broke out to the upside. Technically this chart pattern is know as a symmetrical triangle, with a Target Objective of $63.00, stops are at the low of this week which works out to about a 6.% stop. Keep in mind if DTV meets it objective of $63.00 that is a 21 % gain, putting the risk reward ratio at 3.5/1. Good numbers to work by. If you would like more ideas to reduce the homework part of trading, email me a firstname.lastname@example.org. for your free two week trial to www.TheMoneyChart.com, No credit card required. As always best of trades and take all ye can and give nothing back!
It has been some time since posting due to building and setting up my personal hedge fund. Get ready though blogs a plenty will be hitting soon about trade ideas and more on how to navigate the market. The song to welcome back carter seems appropriate. It is good to be back. Jason T. Campbell