This is another great example what we have last week and what we still have. On the entry charts we can see reason why we took FTK at 01/28/2014. Entry was at $19.57 with stop at $19.27, so only 30 cents stop. Reason for that was possible daily head and shoulder pattern bounce and if that could work then monthly bull fag will be interesting. For stop I was use 60 min 20sma support area and because of that it was trade with day trade stop and with swing possibility. On chart right now we can see really good start and even I took partials this time and protect trade because start was really great. Monthly bull flag look much more interesting and right now on partials we have already reward more than four and that mean if anyone closed trade at $20.79 then FTK trade covered more than four negative trades. Of course if you trade with proper risk management what is one of most important parts of trading for me. FTK closed at $21.50 and reward is much bigger so this is great example how we can with good intraday setup see nice reward. Of course I can’t say that every trade is like this, but most important is that with this style I can have more negative trades then positive and be very successful what you can see on January results.
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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