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	Comments on: Equity Indices Bull Flag Patterns Breakout, More Upside Likely	</title>
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	<lastBuildDate>Mon, 22 Feb 2016 19:08:11 +0000</lastBuildDate>
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		By: rsotc		</title>
		<link>https://rightsideofthechart.com/equity-indices-bull-flag-patterns-breakout-more-upside-likely/#comment-911</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Mon, 22 Feb 2016 19:08:11 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/equity-indices-bull-flag-patterns-breakout-more-upside-likely/#comment-908&quot;&gt;Mrg5a&lt;/a&gt;.

@mrg5a I missed your question earlier &amp; just saw the email notification of your comment while checking email for the first time today. The answer (obvious now but still have been) is yes, an entry at the open today with with stops somewhat below would have been objective although I lower stop &amp; lower price target might have been my choice as I&#039;m still skeptical about this bull flag pattern playing out all the way up the measured target around 108.60. Better to use a higher stop and then adding a relatively tight trailing stop as/if the Q&#039;s approach the 104.75 area. For future reference, if you add &quot;@rsotc&quot; to a post, comment or reply in the trading room, I will receive a notification on the site when logged in which means that I can response more quickly to questions that might be time sensitive like this one. Sorry I missed it earlier.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/equity-indices-bull-flag-patterns-breakout-more-upside-likely/#comment-908">Mrg5a</a>.</p>
<p>@mrg5a I missed your question earlier &#038; just saw the email notification of your comment while checking email for the first time today. The answer (obvious now but still have been) is yes, an entry at the open today with with stops somewhat below would have been objective although I lower stop &#038; lower price target might have been my choice as I&#8217;m still skeptical about this bull flag pattern playing out all the way up the measured target around 108.60. Better to use a higher stop and then adding a relatively tight trailing stop as/if the Q&#8217;s approach the 104.75 area. For future reference, if you add &#8220;@rsotc&#8221; to a post, comment or reply in the trading room, I will receive a notification on the site when logged in which means that I can response more quickly to questions that might be time sensitive like this one. Sorry I missed it earlier.</p>
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		<title>
		By: Mrg5a		</title>
		<link>https://rightsideofthechart.com/equity-indices-bull-flag-patterns-breakout-more-upside-likely/#comment-908</link>

		<dc:creator><![CDATA[Mrg5a]]></dc:creator>
		<pubDate>Mon, 22 Feb 2016 14:26:27 +0000</pubDate>
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					<description><![CDATA[Would a QQQ Long at 60 min after open with  stops beneath Friday&#039;s low (100.6) and target of about 108.6(ca. 200DMA) be objective? &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Risk-to-Reward Ratio. e.g.- a 3:1 R/R would entail risking $1 of loss for every $3 of profit potential on the trade.&#039;&gt;R/R&lt;/abbr&gt;(1:2.5)
https://www.tradingview.com/x/S7MlTh86/]]></description>
			<content:encoded><![CDATA[<p>Would a QQQ Long at 60 min after open with  stops beneath Friday&#8217;s low (100.6) and target of about 108.6(ca. 200DMA) be objective? <abbr class='c2c-text-hover' title='Risk-to-Reward Ratio. e.g.- a 3:1 R/R would entail risking $1 of loss for every $3 of profit potential on the trade.'>R/R</abbr>(1:2.5)<br />
<a href="https://www.tradingview.com/x/S7MlTh86/" rel="nofollow ugc">https://www.tradingview.com/x/S7MlTh86/</a></p>
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