If you picked up SLV along the lower boundary of the trading range, you may have made about 2.5% today, if you used AGQ, 4.5% today.
As this trading range is looking like an accumulation zone, there could be further dips to the lower boundary. I personally would keep a trailing stop on this one until there's a breakout above the range and we see stage 2 mark-up.
The hourly chart remains very bullish looking.
Right now, to protect profits ( I prefer to never let a green trade turn red on me), I would use some sort of trailing stop. My choice would be the trend channel on a 10 min chart for the time being, if there are further upside gains, then it will be widened. If not, then you are still taken out at a profit, if you bought long the lower trendline.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment