Sunday, January 27, 2013

Marathon Petroleum Corp (MPC) punch signal


TRACKING


1st order

28 January 2013. SELL opened at 68.08. SELL closed at 69.01 as Stop loss. BUY opened at 69.01.
1 February 2013. BUY closed at 76.21 as Expired (5 days after opening).
Fixed profit: 6.27

2nd order

28 January 2013. SELL opened at 68.08. SELL closed at 69.01 as Stop loss.
Fixed loss: -0.93

3rd order

28 January 2013. SELL opened at 68.08. SELL closed at 69.01 as Stop lossBUY opened at 69.01.
29 January 2013. BUY closed at 71.74 as Take profit (423.6 Fibo level)
Fixed profit: 1.80
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An oil & gas refining and marketing Marathon Petroleum Corp last day candle closed in the shadow of the previous candle.



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

BUY order

Entry price: 69.01

1st part

Take profit: after 5 completed trading days
Stop loss: 68.08
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: 68.08
No need to put the same Sell order

3rd part

Take profit: 71.74 (423.6 Fibo level)
Stop loss: 68.08
If Stop loss order fires then automatically put the same Sell order with Take profit at 65.35 (another 423.6 Fibo level)

SELL order

Entry price: 68.08

1st part

Take profit: after 5 completed trading days
Stop loss: 69.01
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: 69.01
No need to put the same Buy order

3rd part

Take profit: 65.35 (423.6 Fibo level)
Stop loss: 69.01
If Stop loss order fires then automatically put the same Buy order with Take profit at 71.74 (another 423.6 Fibo level)

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