robbyduffy

channel trade 18th July

Long
TVC:UKX   UK 100 Index
The market turned at 9am but didn't break the 8-9 range. It's unlikely so to do unless there's news.

Otherwise we will drift back up to the linear average I've put under my chart in yellow. It's a very clear and safe way to place swing trades, even with quite a close stop.

Reversing the opening spike didn't really profit anything but selling the 5min bar break down did for 10 points.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.