*Updated* Momentum Base&Break Trio: POT - Potash, AGU - Agrium, GRMN - Garmin
POT & AGU were on the HCPG newsletter last night and Jamie highlighted GRMN.
I didn't end up doing much during the market gyrations today as I was distracted. I finally picked out a TV last week and it was delivered today.
Wow, sorry about taking so long to post the charts. I ended up having to take care of more than I planned.
Here are the trades, hopefully the annotations & explanations make up for the delays.
Pay special attention to the GRMN chart as I've highlighted my adaptation of HCPGs Base & Break setup. You can read more about their system (with out having to subscribe) by checking out their "Best of Blog feature." I highly recommend it. It's has more useful information than a lot of books out there.
Anyways, the charts.
GRMN:
POT:
AGU:
Feel free to leave any feedback / questions for the setup I've highlighted.
Nice trades! I took the same trade on POT and also added at 209, was stopped out on the add. Also took the same trade on AGU but my stop was to aggressive. I entered again at 90 for a target trade to 91.
Bubs said... June 4, 2008 at 2:48 PM
Thanks Bubs.
I saw your great trade as well in last nights HCPG newsletter.
Congrats on getting into a business school and from the solid trading results last month.
I have a feeling that knowing you've been accepted in a business school now should dramatically help with the psychology of your trading. It's almost like you have a back stop, and you know you'll be ok even if the market isn't cooperating.
Good luck!
Trader M.D. said... June 4, 2008 at 3:05 PM
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