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"Don't trade when there aren't clear opportunities" Jesse Livermore "The only way to "get better at trading" is to practice dealing with losses, with money, with your real trading system "Rob Booker "There are old traders and there are bold traders, but there are very few old, bold traders." Ed Seykota "Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there"Bill Eckhardt

Thursday, August 11, 2016

NEW ENTRY LONG MPEL


  • We  will be entering a new trade tomorrow to complete our portfolio of 5 stocks. Our new trade is MPEL from Resorts and Casino sector.  
    MPEL reported second-quarter 2016 earnings per share of 5 cents, which outpaced the Zacks Consensus Estimate of 3 cents by 66.7%. 
    Our entry will be 14.91 -1 tick over the high of previous candle, stop price is 13.99. 
    First target is 15.40-15.83 next target is  16.55 - with 1% risk we will be entering 249 shares.
    MPEL have longer Descending Ttriangle pattern and shorter Reversal Head and Shoulder pattern that broke already.




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