tntsunrise
Short

BABA LOVES BAT PATTERN!

NYSE:BABA   Alibaba Group Holdings Ltd
3346 5 74
BABA LOVES BAT PATTERN!
Remember Previously we buy from 58?
now is good to take profit at 112.80
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Hi jack:
Wondering if you still recommend short on BABA?
Or we should wait for a short entry at a particular level.

Thank you in advance .
Reply
Could you please a chart for AAPL and your analysis. Looking forward to it. Many Thanks in advance.
+1 Reply
Jack, very good analysis. The price is reaching supply/resistance/sell area. I just sold my BABA call options. Wait for the signal to sell at 115-120 or buy again after pull back.

I have an important question for you. I love your trading logic to wait until price breaks out a structure, and then wait for pull back to enter. But I do noticed recently that after the reversal / break out, price movement can be so strong that there is little correction pull back. For example, AUD/NZD, I patiently waited for the reversal, but after the confirmation, price moved in a line so far.

So the question for you, what should we do if price break out and move strongly away? Should we always wait for pull back after the breakout? I hate to miss a good trade. Please advise. Thank you!
+1 Reply
break out and retest is one of the strategy i use. some times i will also use limit order to directly enter
+1 Reply
Can we short here, Jack?
+1 Reply
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