trading example for short term trade

Michael here is the example I posted, now I can post the chart as well since not under the other code.


Here is a trade example for those that would like to do a paper trade


ASX COK

I expect a break out about to occur - My reasons

- Power spike on the 22nd 09 09 - Note good ann on the day
- Stong candle same day
- Next few days price dribles down on very low & decreasing volume
- Price currently down approx 50% of the bullish candle posted on the 22nd

Negatives currently trending down, resistance at around the .38, current price around the .35

One strategy could be to buy the break, if on good volume stop loss .34. Initial target .45 however .50 likely

Say purchase .38 stopped out at .34 = .04 risk
Target on the conservative side .45 = .07

Personally I would probably enter at .35 and set a stop loss at .33 as I like what i see in the chart.

This is not advice to purchase trading is risky and can loose lots of money. For those that have not tried trading though do a paper trade.

I do not currently hold, my signature will say if I purchase.