Tuesday, July 27, 2010

Profit taking revisited




When momentum trading
it is imperative to take profits when they are offered up to you. A technique I employ is to take profits whenever there is a big candle. I classify a big candle as one that is as large or larger than ones before it that day. I am ready and waiting to execute. Now do it dozens of times a day.
TNA entry









TNA exit on big candle















MNTA entry





















MNTA exit on big candle