lowtrade

[lowtrade]

PNNT heads up.

Since my FAZ S&P correction play was completed, I've been back on my home work routine. Here's the next homework project, entered today. I added to last weeks CIG entry.

It's a duel gain plan.
10% on chart patterns & TA and 10% on dividend capture.
Since I bought before the divvy X date, (MAR 16); as long as it takes more then 2 weeks (MAR 19 record date) to reach chart pattern targets I'll capture the divvy, along with run gains. 20% possible.

I trade flags with 2 entries. I pick a cash amount and divide it by 3. Then buy 1/3 at 1st resistance break in reversal climb and 2/3 on top resistance break of the flag pattern. That way if the new trend reversal is a fake I don't get caught large, but still maintain a nice overall entry point if the trade is real..
Also trade V bottoms twice. small at V top line and large at wash back top.

This one fit's just right for my trading style.

Trade plan chart;


All Technicals are just going positive, along with the ADX being below 15, which calls for a strong move coming> OVER SOLD
Entry/exit indicators: 2,4,8 MA's confirmed entry today, DMI tight with ADX below 15,
Support indicators: StochRSI crossed 50% line indicating be in and the CMF has gone into buying pressure.

CHART/ TA link
http://schrts.co/dfKKwh

Play at your own risk !