as we get stopped with few profit on the trailing stop in the last trade on sp500
this time he touched deeply the ma50 monthly and is a big big support before end of years after down around 20%
so i expect a more bif rebound and got more profit that your last trade.
i proceed the same : buy at 2325 and make a stop loss when he reach 2350 at my entry point +5 pips for fun (psychological profit)
and every 10 pts i will up my stop loss of 10 pts also until he reach if he reach lol 24xx
i hope on this trade to take at least 50 (500) pts
not if he down again direct at 2300 and a bit less i will add 1 lot
i will comment in almost real time the trade
this time he touched deeply the ma50 monthly and is a big big support before end of years after down around 20%
so i expect a more bif rebound and got more profit that your last trade.
i proceed the same : buy at 2325 and make a stop loss when he reach 2350 at my entry point +5 pips for fun (psychological profit)
and every 10 pts i will up my stop loss of 10 pts also until he reach if he reach lol 24xx
i hope on this trade to take at least 50 (500) pts
not if he down again direct at 2300 and a bit less i will add 1 lot
i will comment in almost real time the trade
Comment:
if u made your traling stop as i mentionned you have get at least 30(300) pts
Trade closed: target reached:
big profit on that trade and perfect timing