High Probability Setups – Week of 12/13/10

LVS

  1. Trend line retracement
  2. Convergence with the 50 ema
  3. Oversold stochastics

Will look at adding to my position at the intersecting point of the TL and 50 ema.

SHLD

  1. Falling wedge
  2. Holding the 20 ema with strength

Mental stop set below support levels of around 63.

WLP

Nice trending channel.  Will continue to watch this trade play out.  Looking for a break up to 60.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: