Long
US30 Long Position
Updated
Stocks Have Been Hitting Record Highs With This Being The Quickest Recovery We Have Ever Seen. I Have Been Paying Close Attention As September & October Are Normally Not So Good For Stocks But We Have Had A Very Unusual Year So Anything Can Happen. I See The US30 Trading In Channels I Am Buying After We Saw A 0.618 Fib Extenstion Be Well Respected Also The Channel Lines Up Well In This Area. I Do Not Trade This Often But Here Is My First Trade With The US30. Risk To Reward Ratio Is Solid And I Am Looking For The 0.618 Fib Extension To Be My Target.
Note
We Have Seen The Upwards Channel Being Respected Now 75-100 Points Up At This Time Of Typing This. The Channel/Trend-line Has Now Had Its Fourth Touch Some People Say The 4th Touch Is The Strongest Lets See.Note
I Am Taking 60% Profit Of This Trade As It Has Nearly Reached My Take Profit. We Could See It Not Reach Its Previous High . Trumps Speech Saying He Will Back The Airlines Due To Less Traffic Has Boosted The US30. My Stop Loss Is Now Break Even With This Being Risk Free.
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