Study Guide for Come Into My Trading Room - Forex Factory

152 CASE STUDIES
Trade 3: Kroll Inc KROL—Exit Question
entry
long
Chart Q3-c 22-day and 13-day EMAs, channel, 12-26-9 MACD-lines and
MACD-Histogram, 2-day Force Index
As usual, cover this chart with a sheet of paper and move it slowly from
left to right, one day at a time. Analyze each day and mark likely exit
and reentry points—there are always several of those per trade. Later,
on the Answers pages we will review them, and you will earn points for
each correctly identified exit point.
We went long KROL in the area marked by an arrow in September.
Now we have to decide where to get out of this trade. This is a difficult
question in a trade that is based partly on fundamentals and partly on
technical factors. The fundamental underpinnings mean that we have to
give the bulls the benefit of the doubt and not be in too much of a hurry
to exit. At the same time, we must put the ultimate trust in our technical
indicators and use them to exit a trade.
Answer on pages 174–175.