Simple trend following for an ETF that keeps moving. Nice alternative whilst we wait for major markets to pick a direction.
Trade active
Will load up as we go as did not fully commit due to lack of funds being available.
Trade closed: stop reached
Full transparency, this trade would have been closed here on this sell off. I trail my SL on the previous weekly HK candles. Unsure of the exact exit without checking.Note
Completing my annual round up and noticed it. Note
Ok i must apologize, Multiple entries on this one. Did not post. Updating as it has given me another battle plan for SL management. I have been running stops 2 weeks behind to avoid stop outs. Moving forward i plan to keep a SL at weekly 50? Possibly 1/3rd of ea entry?
Both successful trades, however the problem I have with ETF trading versus my 236 - 50% plan is i do not take profits at targets, which inevitably gives a bit back. Hoping the Weekly 50 plan will allow for more room.
Note
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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.