« It's A Gold Rush | Main | It's A Gold Rush...follow up »

NVEC Triggered today

NVE Corp (NVEC) triggered today, so I am long the stock.  I will update the trade as I move up my stop.  As you can see from the chart, the stock found support on two occasions.  On January 28th the low was 26.51.  On January 31st the low was 26.58.  My initial stop will be below those two lows at 26.10.  My original post on this trade can be found here:

http://esl.typepad.com/tradingtechniques/2008/01/nvec-xtl-breako.html

Nvec_trigger 

Joel Stahl

Additional resources: 

Join us at a FREE online seminar http://www.esignallearning.com/seminars/descriptions/detail/online/default.asp  for Advanced GET.

Check out the entire feature list http://www.esignal.com/advancedget/default.asp for Advanced GET.

Posted by Joel Stahl on February 04, 2008 at 01:45 PM |

Comments

How do you place the stop in this trade?
I think you use fibonacci,if so what are the parameters you use
Thanks
R Parra

Posted by: Rafael Parra | February 12, 2008 at 06:06 AM

My stop is placed at the red line that I have drawn on the chart.

Posted by: jstahl | February 12, 2008 at 11:06 AM

Verify your Comment

Previewing your Comment

Posted by:  | 

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment