We have remained bullish and stayed in trade based on the 9-13-9 MACD (top MACD at bottom of chart). First take profit target is for 10% of position at a 4% gain.
1st Take Profit Target- 10% of position at 4% gain - 74.03
2nd Take Profit Target - 50% of position at 8% gain - 76.87
Let remaining position ride until sell signal
Trailing Stop at 6%
1st Take Profit Target- 10% of position at 4% gain - 74.03
2nd Take Profit Target - 50% of position at 8% gain - 76.87
Let remaining position ride until sell signal
Trailing Stop at 6%
Note
The momentum on this trade is substantially lower than the last three have been. Take a look at the MACD's that are circled and compare the momentum we had at this time into the other trades. I will stay long until we get a MACD crossover in 9-13-9.Trade closed manually
Closed based off of crossover in the 9-13-9 MACD (upper). Roughly ~0% trade when it was all said and done. Will wait in cash til bull cross on the 6-13-6 MACD (lower).
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.
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.