ucsgears

CAT - Industrial Sector is over heated.

NYSE:CAT   CATERPILLAR INC
157 7 5
Here is a stock from the sector to watch out for. Also Keep an eye on CMI             .
Comment:
snapshot
Comment: And that's how I find it....
snapshot
I had a similar chart with resistance lines, and i missed to get in on the break of that down trend. I see you posted a Short idea on it now with a heavy resistance zone that i also noticed and did not take a position. Would you be a buyer on the pullback given that the trend seems to have changed?
Reply
I make decisions on the fly. I lost 8% portfolio loss in this sucker, with this sector rotation. Was a bad freaking loss, compared to my 2 - 3% limit per trade. Over confidence can easily get me there.... lol. In this case, I will wait for a trigger and trade. I need to see it develop some weakness on the Daily chart.
Reply
To answer your question on the pullback buy, If there was a valid setup on lower timeframe, YES.
Reply
2use ucsgears
How low do you go on timeframes for a decision - one hour? 30 min ? 15 min?
Reply
Depends how busy i am.
Reply
The answer -
snapshot
Reply
Wrong chart -
snapshot
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out