I just wanted to post a quick update from the GGAL Weekly Stochastic Trade. I stopped out near the $11.60 level to keep the risk small. One of the best exercises in discipline is to continue watching the chart after the stop has been taken. More often than not, by calculating what the loss would have been without stopping out, you are often glad you did.
With the broader market beginning to show signs of cracks, I've taken another short position in SNDK. The weekly chart is illustrating a Type II Trade that is in its early stages. With the consolidation over the last several weeks, I've decided to take the XTL Breakdown Trade on the Daily interval. Both have been posted to illustrate time frame convergence and how the Progression of the Trade methodology can help traders anticipate what comes next.
Trade Smart....
~ Duane Gott
SNDK Weekly
SNDK Daily
s early stages. With the consolidation over the last several weeks, I've decided to take the XTL Breakdown Trade on the Daily interval. Both have bee
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