Imho say you buy on an uptrend channel at the right trend line, in a perfect world your target area is the left trendline. take a look I managed to buy the 4th touch of the right trendline, the one which actually failed... holy sht - 3
Early today it was clear chop so the correct play was to stay out. Once oil inventories were reported this became a clear downtrend and it was just a matter of collecting the green. Not bad for a low volume day. Anek
I was not really expecting a good trend today, but here it was EDIT missed the move up, actually I haven't seen a real pullback so I traded the plan ..good imo
Sorry, wrong chart, posted mine not yours. Well, you know what I mean. Airport here I come! Disney better have some porn for the adults ! Later all, this is it. Anek
Nice chart Mark, what do you use for confirmation of it not breaking the downtrend? Or do you just short when it hits the top of the downtrend and set a close stop loss, how many point stop loss do you use? Thanks