Sunday, April 7, 2013

XXIA Trading Education Example - one of our recent short ideas

XXIA - Chart Link

Topping sequence:

1. XXIA forms LS in early Feb.

2. XXIA forms Head in early march via a double top (this is ONLY a trade short entry with symmetry target shown in dashed cyan.)

3. XXIA forms RS in late March (this is the objecive swing trade students understand this vital point). 

4. XXIA breaks neckline in early April

5. Have you noticed when the big move occurred with respect to the MA's? If this is not crystal clear to you then take a tutorial to understand. My advice is to understand patterns (which are based on PRICE) and put less emphasis on indicators. When you finally do your trading will improve.

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