4 February 2013. SELL order triggered at 7.99.
5 February 2013. Now at 8.02. Floating profit: $-0.03.
Xerox Corp 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: 8.13
1st order
Take profit: after 5 completed trading days
Stop loss: 7.99
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: 7.99
No need to put the same Sell order
3rd order
Take profit: 8.51 (423.6 Fibo level)
Stop loss: 7.99
If Stop loss order fires then automatically put the same Sell order with Take profit at 7.61 (another 423.6 Fibo level)
SELL orders
Entry price: 7.99
1st order
Take profit: after 5 completed trading days
Stop loss: 8.13
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: 8.13
No need to put the same Buy order
3rd order
Take profit: 7.61 (423.6 Fibo level)
Stop loss: 8.13
If Stop loss order fires then automatically put the same Buy order with Take profit at 8.51 (another 423.6 Fibo level)
No comments:
Post a Comment