Another new trade today - we are on fire!
This is the other trading strategy - a break of the previous high. I've been watching this stock waiting for 2 consecutive day's closing above the previous high. This happened today. I'm not overly concerned about the stochs and MACDs when making this type of trade because I count on it taking longer than a simple pullback trade like today's WMB and RES.
However, I do have the MACD lines looking very strong - so, I got that going for me - which is nice...
I bought an August 16 Call for $1.21. Looking to hit the next level of resistance above, which is approx 17.20ish or so - here's a longer time frame chart showing this:
My stop is just below the 15ish level. So, plenty of time for this one to work out.
I now have 4 live trades on and it's time to make some profit - glory to God. Now I wait.
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