As soon as it became clear that
BRCM had broken resistance , I tried to get in at the lowest price. The breakout point was around $45.40 and I was able to get in at $45.44. The intial target was $46.00. I picked it up a second time just above the support of its rising 20 period ema and sold into the close.
BRCM closed on its highs and will be on tonight's watch list as a three day consolidation play.
In addition to the trades I posted in the In Play section, here is the best trade I took on
AAPL. On a pullback to the rising 10 period ema on the 15 minute view, I bought AAPL for $66.05. The target was the declining 50 day MA on the daily chart which was $67.07. I sold AAPL as soon as the target was met at $67.05.
As soon as it became clear that BRCM had broken resistance , I tried to get in at the lowest price. The breakout point was around $45.40 and I was able to get in at $45.44. The intial target was $46.00. I picked it up a second time just above the support of its rising 20 period ema and sold into the close. BRCM closed on its highs and will be on tonight's watch list as a three day consolidation play.
In addition to the trades I posted in the In Play section, here is the best trade I took on AAPL. On a pullback to the rising 10 period ema on the 15 minute view, I bought AAPL for $66.05. The target was the declining 50 day MA on the daily chart which was $67.07. I sold AAPL as soon as the target was met at $67.05.
2 comments:
scary, I was in both of these today too. :-)
Hey Mike,
I started with AAPL after reading your blog. Missed the open and got off to a slow start but the afternoon really picked things up.
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