I have a couple of quick updates in regards to the Stochastic trade setups that I posted last week.
1. Still working on the daily chart of FORM. This trade hasn't yet fully committed to the downside so I'm still keeping the stops tight.
2. We've been stopped out on the daily chart of CRAY. The pivot high was violated on the open. Stop taken. Moving on. Here's an illustration in regards to that setup.
In regards to some longer term ideas, here are the ones I'm watching. These are all being displayed from the Weekly time frame.
AMZN (Weekly)
EQIX (Weekly)
FXE (Weekly)
For those interested in ETF's; this one follows the Euro and is currently in a deep retracement. Trade with caution on this as we are pushing the lower ends of what this setup can bear.
"If you are not making mistakes, you are not trying hard enough."
- Vince Lombardi
Trade smart.....
~Duane Gott
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