June 2013
Intermediate to advanced
263 pages
5h 55m
English
The three essential parts of a trade are analyzing price charts, formulating a trading plan, and managing the trade.
In Caterpillar (CAT), we’ll examine each component to better understand why CAT offered a high-confidence trade setup.
When it comes to trade setups, it doesn’t get much easier than the price chart of CAT from April and May 2011. As you can see in Figure 2.1, prices fell in five waves from 116.55 to 108.39. This wave pattern was significant because impulse waves identify the direction of the larger ...
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