I actually took this trade, but forgot to post it here when I did.
it is for VZ stock and it has a few things going for it:
1. Nice PB, even though the right eye doesn't line up perfectly, it has a very long nose.
2. Coincides exactly with the previous high, forming what looks like a nice double top
I entered on the break and took 3/5 of my position off today (options) and moved the remaining contracts to just above BE.
I think it was pretty good looking, and I spent the better part of a week watching a ton of stocks and currency dailies to just find this one trade, so my first J16 trade was a success.
What do you guys think of this setup???????
it is for VZ stock and it has a few things going for it:
1. Nice PB, even though the right eye doesn't line up perfectly, it has a very long nose.
2. Coincides exactly with the previous high, forming what looks like a nice double top
I entered on the break and took 3/5 of my position off today (options) and moved the remaining contracts to just above BE.
I think it was pretty good looking, and I spent the better part of a week watching a ton of stocks and currency dailies to just find this one trade, so my first J16 trade was a success.
What do you guys think of this setup???????