Reasoning:
Swing Traders (2-6 Week Holds)
Selling is done partially because we never know what is going to happen, so sell as money goes in your favor - Mark Douglas
[]Base building for several weeks within a strong gold trend
[]Relative strength improving while market consolidates- Potential Stage 2 continuation pattern forming
Swing Traders (2-6 Week Holds)
- Buying rule : Watch out for a buy stop, this helps avoid fake moves!
- Entry: Full position on breakout
- Profit Taking: Sell 1/3 at Goal 1
- Final Exit: Remainder at Goal 2
- If there is a goal 3. (You can sell 30% on G1, 30%, on G2, 40% on G3)
Selling is done partially because we never know what is going to happen, so sell as money goes in your favor - Mark Douglas
Get my trade ideas straight to your inbox.
👉 profitpunch.org
👉 profitpunch.org
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.
Get my trade ideas straight to your inbox.
👉 profitpunch.org
👉 profitpunch.org
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.
