FB broke the cloud to the upside using the 5 minute bar, so I bought 1000 shares of stock at $56.45. I had a stop loss of $1000 at $55.45 with Targets up every $1.00. This was a good set-up. because it all fields:
1. Price Breaks Cloud to Upside
2. Lagging Indicator Above Cloud
3. Trading Above 9 and 26 Period Moving Average
4. Future Cloud is Bullish
I have hit 3 Targets and up $815 so far
1. Price Breaks Cloud to Upside
2. Lagging Indicator Above Cloud
3. Trading Above 9 and 26 Period Moving Average
4. Future Cloud is Bullish
I have hit 3 Targets and up $815 so far