WAG is great example to explain why I think that risk – reward is main measure for success. We took WAG at Wednesday based on 15 min CCI divergence and what is more important at daily 20/50sma support area. Most of time when chart will touch 20 or 50sma support area then support will hold for first try. That was reason why I was following WAG. We took it 01/21/14 at $58.45 with stop at $58.19 what was low at setup time. I didn’t know how strong bounce we could see, but I was expect something because of support area. This is one prove that with my style you can buy at support or sell at resistance but only with reason and daily/weekly support was reason for that. Yesterday WAG opened with nice gap and we protected trade and when we saw that weakness is to strong we was close trade with average price at $59.50. Risk/reward column told me that we are positive and that WAG covered in worst case for negative trades. Because of that I’m sure; at least for my style that risk-reward is main measure for success after all. We can clear see that in our active table with open-closed trades: http://www.xpertstocktrader.com/2014/Performance/012014.htm
I hope that make sense to all. If you interested to learn more or join to us you can always contact me.
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