UPDATE: Short Term Ichimoku Stock Trade Setup 9/3/2012

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  • UPDATE: Short Term Ichimoku Stock Trade Setup 9/3/2012

On Monday we highlighted how we would be buying GLW in our buy zone between 11.94 and 11.74. During the week we actually hit 11.74 and averaged into a position at 11.80.
Today the markets broke up as did GLW. Taking out and closing above our 12.17 first resistance, closing at 12.32.
Because this is labeled as short term trade, We took off half of our position today at 12.30 for a 50 cent profit and we are looking to trail the rest off the 120 min KS as referenced in the attached chart. Long Termers can use the upward sloping light blue line.

Good Luck

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