Sunday, January 27, 2013

L-3 Communications Hldgs (LLL) signal


L-3 Communications 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: 78.82

1st part

Take profit: after 5 completed trading days
Stop loss: 78.41
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: 78.41
No need to put the same Sell order

3rd part

Take profit: 80.07 (423.6 Fibo level)
Stop loss: 78.41
If Stop loss order fires then automatically put the same Sell order with Take profit at 77.16 (another 423.6 Fibo level)

SELL order

Entry price: 78.41

1st part

Take profit: after 5 completed trading days
Stop loss: 78.82
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: 78.82
No need to put the same Buy order

3rd part

Take profit: 77.16 (423.6 Fibo level)
Stop loss: 78.82
If Stop loss order fires then automatically put the same Buy order with Take profit at 80.07 (another 423.6 Fibo level)

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