CSCO 15 min chart

[inandlong]

including the 40 and 200 sma's.

Good luck!

 

[Breakout]

If I went long right now, where would you put your stop loss?

 

[inandlong]

A bar closing stop either just below the 40 or 50 sma, either would be right for me.

I am inclined to reverse with a bar closing just below the 40 or 50 instead of stop out.

 

[Breakout]

Nice Call...bounced right off.

 

[inandlong]

There were two trades there that I was looking at, now only one.

The consolidation break whcih we see now for a little bit and maybe more.

The trade still to be decided is the potential short coming up. This is why I love the line chart versus bars or candles. Not for every view, but it helps re-inforce the idea that although intrabar price approaches a popular average and sometimes goes across and back again, it doesn't close across and back again and again wiping you out as many would have you believe.

 

[inandlong]

This is more what I was looking for, unless we get the famous nascrap dump and jump in the last 5 minutes.

On the daily.... is this one of these:

http://www.litwick.com/indicators/1235.html