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Short WPL ( ASX) - Turtle Soup strategy by Larry Connors

CFD short few days only on WPL,
strategy based on book ' Street Smarts' by Larry Connors & Linda Bradford Raschke
1. Look for a new 20-day high
2. Must be greater than 4 days since previous high
3. Short sell order -a few cents below this old high as a break-back correction
4. Hold into close or next day only
Place stop-loss just above new high of same day
5. Target should be sensible
In this trade I shorted 400 shares
บันทึก
My target is 2290 ( +0.70 c) because the spread cost 8 cents so a little higher than my projected corrective target based on previous corrections....ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน
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คำจำกัดสิทธิ์ความรับผิดชอบ
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.