On Sept 3 We highlighted how we would get long GLW in our buy zone at 11.80.
We then closed out half the trade at 12.30 for a 50 cent profit and let the rest trail off the 120 min KS (the green line) because we deemed this a short term trade.
Today we hit and closed below the 120 min KS and therefore the trade was closed out at 12.80 for a 1 dollar profit.
Long Termers can remain in the trade until the upward sloping blue line is breached.
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EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.
