Long
Long Term Ascending Channel
I'm experimenting with trading long-term channels. You'll notice I'm being conservative with the top of the channel while doing the opposite for the bottom of the channel. Will enter trade Sep 7 with a buy limit of $50. S/L @ 47.18 but I may also exist when the price hits the bottom of the channel. Target I would say around the 55 area.
If you read this let me know your thoughts/comments.
If you read this let me know your thoughts/comments.
Trade active
Sep 7 buy order filled with average share price (including buy and sell commission) of $49.783.Long Position indicator updated with avg share price, but the amounts for profit/loss are just random since I have no clue how to work that feature.
Trade closed manually
Protecting profits. I decided to sell today if the price broke 51.83, which looked like support on the 15m and 1h chart. It happened and I submitted a market sell order that was filled avg price 51.77. Not the target I was looking for, but still a profitable trade with 3.9913% profit after trade commissions. I'll keep an eye on this stock, if it reaches near the bottom of the channel and looks like it's reversing I may reenter.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.