alexp

DDD trading example

BATS:DDD   3D Systems Corporation
202 views
0
This is an example of how DDD could have been traded throughout Nov once proper trend lines and trend channel lines were identified.

Finding a proper support/resistance levels is always a key to the successful trading and trend lines /trend channel lines are often providing very good support & resistance , as seen on this chart.

Depending on the price action, the entries could have been at either stop orders (below or above previous bars when bar at trend line / TC line is in the opposite direction to a trade) or at market orders (when the bar formed at trend/ TC line was in the trade direction).

Exits were with limit orders on the opposite side of the channel near respective lines, stops were at the closest trend line / TC line.

5 entries could have been made for $7-$10 of profit each with risks between around $1-$4.

Comments