Chart of the week
Date: 01/25/2010
Symbol: SYK
Company Profile: Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions in the areas of risk, strategy, and human capital. The company operates in three segments: Risk and Insurance Services, Consulting, and Risk Consulting and Technology.
Sector: Financial
Industry: Insurance Brokers
TRADING PLAN
Entry price: long above: 22.10
Stop price: stop under: 21.50
Target: 24-25 areas
Chart explanation: MMC holding better then market at this point. Consolidate between 10sma as resistance and 50sma weekly as support area. If will break above 10sma I will be interested for rounding bottom setup and I will look for bounce to high. After possible setup first stop will stay 50sma and after that I will trail stop
If anyone have any question or need update feel contact me over email or in the live trading room.
TRADE of the week
E x a m p l e 1
Symbol: ASIA
Entry date: 01/20/2010
Exit date: 01/22/2010
TRADING PLAN
Entry price: 27.95
Stop price: 29.00
Target area: 25 areas
Entry chart
Symbol: ASIA
Entry date: 01/20/2010
Exit date: 01/22/2010
TRADING PLAN
Entry price: 27.95
Stop price: 29.00
Target area: 25 areas
Entry chart
RESULT
Exit price: 24.55
Result (%): 12.16
Result ($): 3.40
Risk/reward: 3.24
Exit chart
E x a m p l e 2
Symbol: RTI
Entry date: 01/21/2010
Exit date: 01/22/2010
TRADING PLAN
Entry price: 26.70
Stop price: 27.40
Target area: 25 areas
Entry chart
Symbol: RTI
Entry date: 01/21/2010
Exit date: 01/22/2010
TRADING PLAN
Entry price: 26.70
Stop price: 27.40
Target area: 25 areas
Entry chart
RESULT
Exit price: 25.00
Result (%): 6.37
Result ($): 1.70
Risk/reward: 2.43
Exit chart
if you don’t understand trade or need more explanation feel free to contact me and I will give additional explanation.
Ivica Juracic
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