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03 May Posted by in Candle Sticks | Comments

The Importance of the Exit Strategy (Part II)

The Importance of the Exit Strategy (Part II)

  After entering the Abbott Labs (ABT) trade on 2/16 @ $46.77 and the May 42 call @ $5.05 we stayed with the trend until the beginning of April.  At that point the call had yielded a great return.  I was looking to exit at the first sign of weakness.  Two confirming signals: Fibonacci extensions […]

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13 Apr Posted by in Candle Sticks | Comments

The Importance of the Exit Strategy

The Importance of the Exit Strategy

Having specific trade entry and exit rules are imperative to successful trading.  I feel the exit of a trade is far more important than getting in.  Many “guru’s” gloss over or ignore this topic.  I have found that the combination of candlestick formations, Fibonacci extensions, regression channels and my proprietary application of the daily version […]

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