Saturday, February 2, 2013

MasterCard Inc (MA) punch signal

TRACKING

4 February 2013. SELL order triggered at 513.68.
5 February 2013. Now at 520.23. Floating profit: -6.55.

____________________________________________________________________

MasterCard Inc last day candle closed in the shadow of the previous day candle.


Put six pending orders. Three BUY orders and three SELL orders.

BUY orders

Entry price: 522.55

1st order

Take profit: after 5 completed trading days
Stop loss: 513.68
If Stop loss order fires then automatically put the same Sell order with the same Take profit

2nd order

Take profit: 5 days trailing stop
Stop loss: 513.68
No need to put the same Sell order

3rd order

Take profit: 551.18 (423.6 Fibo level)
Stop loss: 513.68
If Stop loss order fires then automatically put the same Sell order with Take profit at 485.05 (another 423.6 Fibo level)

SELL orders

Entry price: 513.68

1st order

Take profit: after 5 completed trading days
Stop loss: 522.55
If Stop loss order fires then automatically put the same Buy order with the same Take profit

2nd order

Take profit: 5 days trailing stop
Stop loss: 522.55
No need to put the same Buy order

3rd order

Take profit: 485.05 (423.6 Fibo level)
Stop loss: 522.55
If Stop loss order fires then automatically put the same Buy order with Take profit at 551.18 (another 423.6 Fibo level)

No comments:

Post a Comment