ICXETH on the 6H may be preparing for a move up. Nice double bottom support, holding above the 50 simple while dipping into the bottom Donchian Channel. Stoch has a fresh bullish flip with plenty of room to run. I have a limit order in place and will let it come down to meet me at my price. If I miss it, I miss it. Scale out 50% at 2atr to lock in some profit and then trail the running half with a stop of 2atr.
Whats atr? and where is it in the chart? Can you please show it? Thanks
A_No-1
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@Turpsy, it's the "Average True Range", I currently have it loaded on a different chart. You can find it by typing "ATR" into the indicator search on Trading View. There are also lot's of good Youtube videos on how to use it.
Turpsy
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@SomethingStrange, ok. Thank you. I will search for it.