A Keen Eye On Marriott

I last posted on the stock of MAR, a top performer of mine back in 2014, on the 21st of December 2016 when price had broken out of consolidation and through the all time high of 2015 at circa $85.

As can be expected and as seen on the daily time frame above, price pulled back to the round number support zone of $80 where price then bounced back in the direction of the bull trend. I mentioned in the previous blog on MAR that getting in too early on breakouts from long periods of consolidation can leave you open to fake breakouts and this is a good example. Patience is always a virtue in trading particularly as bull trends in stocks can remain in play for lengthy periods of time.

The bounce back up from $80 completed the cup and handle formation which, in a bull trend, is a continuation pattern once confirmed. This week has seen just that with price breaking out and pushing on to $90 round number resistance.

A break and close above this level will offer an entry point for the more aggressive trader. This is, of course, if your risk allocation allows you to. In a bull market, there will be a plethora of opportunities to take advantage of but you still want to apply the risk management rules of your trading plan, a topic for a future blog post of mine. The more conservative trader will wait for price to clear $100. This will also allow current open positions on other stocks the time to move into profit before adding new stocks to the portfolio.

Patience for now, both for new positions and compounds if you are already in this.

For training and to join the DT community, see below for details.

Any questions or comments, please leave them below.


Call To Action

Facebook Live And Periscope

Please follow me on the following channels where I will be conducting live streaming on various aspects of trading. The following links will take you to the web browser versions of the websites. You will need to download the Facebook and Periscope apps to watch me on your phone/ipad.

Please turn on notifications for me to be alerted when I go online.

Facebook: CityTraderLifestyle

Periscope: Zaheer Anwari


Training Course

The Dynamic Trader Apprentice Live

Location: 17th of February At The Eight Club. Spaces Limited.

To register please click on the following link:http://www.zaheer.live/seminar

This includes:

  • Training on technical analysis from a trend trading perspective
  • A pullback and a breakout strategy
  • Access to a live community of full time traders and like-minded individuals
  • Access to some of our cutting-edge tools
  • Live weekly Sunday webinars where we prepare for the week ahead
  • Scanned watchlists and training in FX and Stocks saving you £1000s.
  • A grounding in compounding / risk management / exit management / entry points / stoploss calculation and management / portfolio management
  • A trading plan
  • Access to some of our cutting-edge tools
  • An advanced trade log to track your trades
  • A significant discount on eSignal subscription

This is value, training and support you will not find anywhere else and which can be followed with the option of bespoke 1–2–1 training.

To register please click on the following link:http://www.zaheer.live/seminar


Online Training

For the same training online, please register using the following link:http://apprentice.live/zaheer


If you have enjoyed what you have read, I’d be very grateful if you hit the heart button below.

Smart trading!

Zaheer Anwari

For questions on training and the eBook, please connect with me on:

Twitter: Zaheer Anwari

Facebook: CityTraderLifestyle

LinkedIn: Zaheer Anwari

Email: zaheer @ zaheeranwari . com

One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.