US30 - Uptrend is intact after news on Iran
It looks as though the market didn't even notice news about imposing serious sanctions on Iran on the weekend. Good for us. We're still within bullish channel. I've entered a long position at 26700 this morning with a stop at 26660.
TP at this stage 26900.
-=Never give up=-
DISCLAIMER
There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for stock observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the stock observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
TP at this stage 26900.
-=Never give up=-
DISCLAIMER
There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for stock observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the stock observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
Trade active:
Testing MA50 on the hourly. Bouncing off slightly.
Comment:
SPX broke above MA50 on 15m. Good sign.
Trade closed manually:
Looks like US30 cannot overcome resistance at MA50 on 15m. Closing the trade manually. Handsome 40pip profit.
Keeping an eye on more entry points. At this stage, in cash.
Keeping an eye on more entry points. At this stage, in cash.