Study Guide for Come Into My Trading Room - Forex Factory

162 CASE STUDIES
Trade 8: Biovail Corporation BVF—Exit Question
entry
long
Chart Q8-c 22-day and 13-day EMAs, channel, 12-26-9 MACD-lines and
MACD-Histogram, 2-day Force Index
Follow the usual pattern of covering this chart with a sheet of paper and
moving it, one bar at a time, from left to right. After each new bar
opens up, try to identify entries, exits, and reentry points. Mark each of
them, write a brief comment, and when you finish working through the
entire chart go to the Answers pages.
We went long BVF when it was straddling its EMAs, in the area
marked by an arrow in September. Keep tracking BVF one day at a time
and find where to take profits or reestablish longs.
Answer on pages 194–195.