These simple sideways channel trading set ups are just a beauty. The LMND charts levels of resistance and support are abundantly clear and have been tested multiple times. The more they get tested, the happier I feel about the execution.
For today, I am looking for a day trade on a break above 69.24. which may become a swing trade too if its very profitable.
If it does not break through resistance, I would be watching to buy at the bottom of the trading channel....
For a day trade, I would be looking at options, 1-3 call options depending on the price. Small and safe position only for me.
Typically, one call option can yield great results, but having say 3 of them can allow me to sell 2 at a profit and keep 1 for tommorow to see what happens then.
For today, I am looking for a day trade on a break above 69.24. which may become a swing trade too if its very profitable.
If it does not break through resistance, I would be watching to buy at the bottom of the trading channel....
For a day trade, I would be looking at options, 1-3 call options depending on the price. Small and safe position only for me.
Typically, one call option can yield great results, but having say 3 of them can allow me to sell 2 at a profit and keep 1 for tommorow to see what happens then.
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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.
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.