I think I annotated the chart enough for this to be clear, but...
There are two trades here - the first is looking to capitalize on action within the larger ascending triangle pattern, the second is looking for a breakout.
By taking a break between the two, by cashing out after trade 1, and placing a new pending order above the resistance, I'll eliminate the risk of watching the profits from my first trade evaporate in a reversal.
Yes, I'll miss out on the couple of points between .019995 and .0205, but I will have secured my profits, avoided the boredom of watching my money sit in a consolidation cycle, and reinforced a good habit.
Happy Trading! Your thoughts & comments are appreciated.
There are two trades here - the first is looking to capitalize on action within the larger ascending triangle pattern, the second is looking for a breakout.
By taking a break between the two, by cashing out after trade 1, and placing a new pending order above the resistance, I'll eliminate the risk of watching the profits from my first trade evaporate in a reversal.
Yes, I'll miss out on the couple of points between .019995 and .0205, but I will have secured my profits, avoided the boredom of watching my money sit in a consolidation cycle, and reinforced a good habit.
Happy Trading! Your thoughts & comments are appreciated.
Transaction en cours
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.