Sunday, January 27, 2013

Dollar Tree Stores Inc (DLTR) trading signal


A discount, variety stores Dollar Tree Stores Inc 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: 41.32

1st part

Take profit: after 5 completed trading days
Stop loss: 40.76
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: 40.76
No need to put the same Sell order

3rd part

Take profit: 43.06 (423.6 Fibo level)
Stop loss: 40.76
If Stop loss order fires then automatically put the same Sell order with Take profit at 39.02 (another 423.6 Fibo level)

SELL order

Entry price: 40.76

1st part

Take profit: after 5 completed trading days
Stop loss: 41.32
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: 41.32
No need to put the same Buy order

3rd part

Take profit: 39.02 (423.6 Fibo level)
Stop loss: 41.32
If Stop loss order fires then automatically put the same Buy order with Take profit at 43.06 (another 423.6 Fibo level)

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