LRCX At $150 Resistance

LRCX has been performing very well for me since I first entered into this at $100 back in December.

The entry method was based on an “Inside Bar” following the breakout above and then pullback to retest the $100 resistance-turned-support zone. I have marked this in the daily time frame above.

An “Inside Bar” is one which is totally encapsulated by the range of the previous bar and is formed following a pullback in price. Add a key level of support and resistance and you have effectively a spring-like result where we now want to see price bounce off support or resistance in the direction of the trend and, ideally, with some real momentum.

Another way of looking at it is like throwing a tennis ball against a wall. On impact with the wall, the tennis ball first compresses before firing back at you.

The Inside Bar setup at $100-support has gone on to give price the momentum to trend in a neat linear fashion all the way through to $150, triggering multiple compounds on its ascent.

I am now looking for price to clear $150 and to then move towards $200. If price fails to do that and we see a reversal in price, I have a trailing stoploss in play with significant profit locked in.

This has been a simple trade to take full advantage of.

For live training on Monday 15th of May and to join the online 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: Friday 28h of April At The Eight Club, Bank. 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