Wall Street Crack

For Those Addicted to the Wall Street Game

Possible $F Long Swing Entry 4-8-11

Posted by Dino on April 11, 2011

Ford is pulling back nicely today setting up a nice risk/reward trade.  From the lows of 3/15 to the highs of 4/6 we have reached a 50% fib retracement with declining volume (we’ll see how today pans out in regards to volume).  An entry near the 50% retracement of $14.85 with a stop near the 61.8% retracement at $14.60.  1st target would be a retest of the 4/6 highs of $15.98. Risk about .25 to get $1.  1:4 risk to reward.

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