My new stop was my original entry. I took half profits and the price target line. If it happens to drop any further, I will make the price target my new stop and let it ride. If not, then I will exit the position still in profit.
I have two positions open. One without a price target. It's set for break even and I'm gonna let it run following the bearish trend.
keeping my trades simple. Here I'm just trailing my trade with the trend. Its not now about what I will lose but how much I can gain!
Thats a big bullish candle! Since volatility is still low I'm gonna take half of profits at the price target and trail the rest of the way.
Looking for a re-tracement back to support. It is at an all time high!
Looks like it also has potential to reach resistance again! Once i hit my target I will trail. All from a previous morning star pattern!