WG long update

posted that T2 on the 60 min chart was hit on jan 4th but also mentioned that daily chart looks bullish for a potential longer term trade.  here's the daily chart with some targets.  note that WG has hit T1 both on friday and today and could pullback before any additional upside so with the market red flags, consider taking some profits or raising stops..  best to not add/enter any more until T1 is cleared.  personally, i took profits when T2 on the 60 min chart was hit but i will try to keep this one on my radar and may [...]

2017-03-08T21:23:01+00:00 Jan 23, 2012 1:34pm|Categories: Completed Swing Trades|Tags: |Comments Off on WG long update

WG update

Posted by: rp on the 4th of Jan 2012 at 11:55 am if anyone took WG, you have two choices:  T2 on the 60 min chart has now been hit, so take profits OR... the daily falling wedge, also shown in the original post, is now breaking out today, so this could morph into a much larger swing trade.  volume is slight above average so far but nothing spectacular.  maybe consider taking profits here and re-entering on a break of the 60 min resistance (T2) and confirmed breakout (on above avg vol) on the daily chart. [/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

2017-03-08T21:23:07+00:00 Jan 4, 2012 11:55am|Categories: Completed Swing Trades|Tags: |Comments Off on WG update


Posted by: rp on the 22nd of Dec 2011 at 10:09 am when i left early yesterday, i had two alerts triggered for longs.  the HGSI that i posted yesterday and WG. althought HGSI is up nice, i never got around to putting a buy stop in for this one too.  very nice move today and although i won't chase it now, the daily chart looks pretty nice if it can break out of that wedge.  my alert was on a break of this 60 min downtrend line yesterday.  one to watch on a pullback or if it clears that first [...]

2017-03-08T21:23:09+00:00 Dec 22, 2011 10:09am|Categories: Completed Swing Trades|Tags: |Comments Off on WG