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http://tradingsystem.universalwealthcreation.com/trade-profitably/trading-quiz-2 The Systems of the Elite Traders Mon, 13 Feb 2012 16:35:20 +0000 http://wordpress.org/?v=2.6.2 http://tradingsystem.universalwealthcreation.com/trade-profitably/trading-quiz-2#comment-111 Denis Fri, 19 Dec 2008 02:05:01 +0000 http://tradingsystem.universalwealthcreation.com/trade-profitably/trading-quiz-2#comment-111 It is a tradeable chart (not a nice one though). The instrument that moves that much (note last red bar) needs management with a contingent stop-loss order. There are two trades. One is entered on the 6th bar from the left (tall white candle). This is a bull break (presumably from a tight range) with an increase in volatility. Exit is near the area where 1st EMA cross is and the trade is breakeven or a small loss. Second trade is another bull break (tall white candle) shortly after 2nd EMA cross. Exit varies depending on what kind of trailing stop loss is used. It is likely to be on the righmost tall red candle. Second trade is a profit or breakeven. I would not trade this if it's a stock. There are easier ones around. If it is an index then it's okay to trade. It is a tradeable chart (not a nice one though). The instrument that moves that much (note last red bar) needs management with a contingent stop-loss order.
There are two trades. One is entered on the 6th bar from the left (tall white candle). This is a bull break (presumably from a tight range) with an increase in volatility. Exit is near the area where 1st EMA cross is and the trade is breakeven or a small loss.
Second trade is another bull break (tall white candle) shortly after 2nd EMA cross. Exit varies depending on what kind of trailing stop loss is used. It is likely to be on the righmost tall red candle. Second trade is a profit or breakeven.
I would not trade this if it’s a stock. There are easier ones around. If it is an index then it’s okay to trade.

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