Sunday, January 27, 2013

Wells Fargo & Company (WFC) signal


TRACKING



1st order

28 January 2013. SELL opened at 34.94.
29 January 2013. SELL closed at 35.32 as Stop loss. BUY opened at 35.32.
30 January 2013. BUY closed at 34.94 as Stop loss. SELL opened at 34.94.
1 February 2013. SELL closed at 35.13 as expired (5 days after opening).
Fixed loss: -0.95

2nd order

28 January 2013. SELL opened at 34.94.
29 January 2013. SELL closed at 35.32 as Stop loss.
Fixed loss: -0.38

3rd order

28 January 2013. SELL opened at 34.94.
29 January 2013. SELL closed at 35.32 as Stop lossBUY opened at 35.32.
30 January 2013. BUY closed at 34.94 as Stop lossSELL opened at 34.94.

Now at 35.13
Floating loss: -0.95
____________________________________________________________________

Wells Fargo & Company 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: 35.32

1st part

Take profit: after 5 completed trading days
Stop loss: 34.94
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: 34.94
No need to put the same Sell order

3rd part

Take profit: 36.47 (423.6 Fibo level)
Stop loss: 34.94
If Stop loss order fires then automatically put the same Sell order with Take profit at 33.79 (another 423.6 Fibo level)

SELL order

Entry price: 34.94

1st part

Take profit: after 5 completed trading days
Stop loss: 35.32
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: 35.32
No need to put the same Buy order

3rd part

Take profit: 33.79 (423.6 Fibo level)
Stop loss: 35.32
If Stop loss order fires then automatically put the same Buy order with Take profit at 36.47 (another 423.6 Fibo level)

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