| Followers | 2 |
| Posts | 124 |
| Boards Moderated | 1 |
| Alias Born | 03/21/2011 |
Tuesday, February 26, 2013 9:46:44 AM
Turning Education and Its Application into Money
The greatest reward of educating is seeing a student use what was taught like a pro. This week I'm going to show you a trade that a student took on Friday and posted with multiple time frames with his entry, stop-loss and management of the trade. I believe that you'll find this to be a great lesson and an example of how you too can do this with a Pristine trading education.
The trade was posted at the Pristine Facebook Group where Pristine educators often post charts of trades done in one of the Pristine chat rooms as a lesson. Students also share their stock, Forex or futures trades with the charts. When I saw the chart and notes posted, I could tell that the student must have taken not only the Trading the Pristine Method (TPM). He must have also taken Advanced Gap Strategies (AGS) and Advanced Management Strategies (AMS). The AGS and AMS classes build on TPM. You'll see how in the chart and my explanation.
The trade posted was a Tier 2 gap setup in the stock of Hewlett Packard symbol HPQ. Gap trade setups are ranked in the AGS class based on the criteria of each tier. Each tire suggesting the odds of follow through. As you will see, HPQ gapped above a multiple week consolidation. Based on that consolidation/resting period, it supported a bias that HPQ should move higher. That was the starting point or a bias for the trade; however, it does not tell you how to enter or manage the potential trade.
Read full article here http://bit.ly/WWfrJW
The greatest reward of educating is seeing a student use what was taught like a pro. This week I'm going to show you a trade that a student took on Friday and posted with multiple time frames with his entry, stop-loss and management of the trade. I believe that you'll find this to be a great lesson and an example of how you too can do this with a Pristine trading education.
The trade was posted at the Pristine Facebook Group where Pristine educators often post charts of trades done in one of the Pristine chat rooms as a lesson. Students also share their stock, Forex or futures trades with the charts. When I saw the chart and notes posted, I could tell that the student must have taken not only the Trading the Pristine Method (TPM). He must have also taken Advanced Gap Strategies (AGS) and Advanced Management Strategies (AMS). The AGS and AMS classes build on TPM. You'll see how in the chart and my explanation.
The trade posted was a Tier 2 gap setup in the stock of Hewlett Packard symbol HPQ. Gap trade setups are ranked in the AGS class based on the criteria of each tier. Each tire suggesting the odds of follow through. As you will see, HPQ gapped above a multiple week consolidation. Based on that consolidation/resting period, it supported a bias that HPQ should move higher. That was the starting point or a bias for the trade; however, it does not tell you how to enter or manage the potential trade.
Read full article here http://bit.ly/WWfrJW
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
