I have a couple of quick selling setups that I wanted to share with the Advanced GET community.
The first trade is a stochastic sell of FORM. It has been coming up in the scanner for a couple of days now and warranted a closer look. With an aggressive trigger, one would already be in this trade. Keep an eye on the R/R Ratio as there may still be an opportunity here.
FORM (Daily)
The second setup is the daily chart of CRAY. While I normally don't like trading anything under $10, the chart pattern is clean enough to keep it on the watchlist.
CRAY (Daily)
As always, these ideas are for educational purposes only. Please take the time to do your own research. I'll update this post as events warrant.
Trade Smart...
~Duane Gott
Hi Duane,
Thanks for the informative post. A couple of questions:
1/ Any reason why you made the comment "I dont like to trade anything below $10"?
2/Do you still have a mentoring session on Thu for AGET users who have been on the Advanced 3 day course with Andy/Craig (what time is it if the answer is Yes)?
Thank You
Posted by: anthony | February 23, 2010 at 08:29 PM
Hi Anthony,
To the first question...This has always been a part of my trading. Issues under $10 tend to be a little more on the speculative side but mostly it's a personal choice based on experience. I know a few top end traders who feel the same way but to each their own.
In regards to the Advanced Mentoring sessions; they are still taught every Thursday at 9AM Pacific, 12PM Eastern. The prerequisite for that session is you must have attended a 3-Day Seminar at some point and have an active mentoring subscription. You can chat with the Sales folks for more info. Hope this helps.
Posted by: Duane Gott | February 23, 2010 at 10:28 PM