Sunday, January 27, 2013

Abbott Laboratories (ABT) signal


TRACKING


1st order

28 January 2013. BUY opened at 32.93.
1 February 2013. BUY closed at 33.87 as expired (5 days after opening)
Fixed profit: 0.94

2nd order

28 January 2013. BUY opened at 32.93.
Now at 33.87. Continue trading and put Stop loss at 32.74 (5 days trailing stop).
Floating profit: 0.94

3rd order

28 January 2013. BUY opened at 32.93.
31 January 2013. BUY closed at 33.63 as Take profit (423.6 Fibo level)
Fixed profit: 0.70

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Abbott Laboratories last day candle closed in the shadow of the previous candle.



Put two pending orders. Then —Āonditionally divide each order into three parts.

BUY order

Entry price: 32.93

1st part

Take profit: after 5 completed trading days
Stop loss: 32.69
If Stop loss order fires then automatically put the same Sell order with the same Take profit

2nd part

Take profit: 5 days trailing stop
Stop loss: 32.69
No need to put the same Sell order

3rd part

Take profit: 33.63 (423.6 Fibo level)
Stop loss: 32.69
If Stop loss order fires then automatically put the same Sell order with Take profit at 31.99 (another 423.6 Fibo level)

SELL order

Entry price: 32.69

1st part

Take profit: after 5 completed trading days
Stop loss: 32.93
If Stop loss order fires then automatically put the same Buy order with the same Take profit

2nd part

Take profit: 5 days trailing stop
Stop loss: 32.93
No need to put the same Buy order

3rd part

Take profit: 31.99 (423.6 Fibo level)
Stop loss: 32.93
If Stop loss order fires then automatically put the same Buy order with Take profit at 33.63 (another 423.6 Fibo level)

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