Here's the chart of the original trade post:
So now that prices have reached my TP levels, what now? At the present, there is a POTENTIAL that has formed pointing prices lower in what I think is only a retrace before prices continue higher. However, that isn't guaranteed!
So that is why I am closing 50% of the remaining LONG positions I have left on this trade and pocketing the profits. I'll look to find another good entry point as prices possibly retrace but if it does not and just continues higher, I'll be letting the remaining 25% of the original trade ride higher.
Want more free analysis and trading tips? Join my facebook page at facebook.com/efxselect]
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
Dec 10th - 15th Indexes Newsletter: http://bit.ly/2iP3uFB
Performance Summary & Public Trade Log: http://bit.ly/29AeqnC
Want results like this? Subscribe here: http://bit.ly/29x4bfM