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HexVex
Jan 30, 2015 1:06 PM

Range trading for a mini break out on the Italian MIB 

Description

Maybe a little labour intensive for some but a safe way to book profit without much risk.

Buy and sell in 2 units at support and resistance. Move stops to protect positions. Take one unit profit at either support or resistance. Wait for break out in either direction. Repeat until breakout. Or leave it alone if it looses it's neatness and starts getting messy.

Low stress trading hopefully :)
Comments
HexVex
I was in bed and didn't re-enter long at support. Waiting for another pull back.
HexVex
Played out a little too quickly and not very pretty with a bull wedge or flag. Buy/sell rules of this trade means you should have modest profit with one long position open.
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