keep it simple!
Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade.
Looking at GRUB on the weekly we have seen a nice hold at the first green box, showing us some support at the 34-35 range. If this level can hold and form higher lows it is likely the first profit target will be hit.
If the green box range is broken then GRUB will continue to the downside where we will see the second and possibly even the 3rd green box. These are good ranges to ladder in your longs, with a tight stop loss below the box.
Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade.
Looking at GRUB on the weekly we have seen a nice hold at the first green box, showing us some support at the 34-35 range. If this level can hold and form higher lows it is likely the first profit target will be hit.
If the green box range is broken then GRUB will continue to the downside where we will see the second and possibly even the 3rd green box. These are good ranges to ladder in your longs, with a tight stop loss below the box.
Comment:
So far the long is looking good, hitting our second profit target!