TLT: Weekly long setup

We have a potentially very good trade here.
The recent outperformance of HYG (and the crude oil rally) have boosted the stock market but I still think it's possible to see another sharp decline.

The market is under Mario Draghi's and China's sweet talk influence right now, as I see it.
I'm out of equity longs for the time being, and positioned in a more risk averse manner.
I still think the bottom is near, and won't hesitate in going long certain equities once I see a valid setup, as we have been doing with my group for a while.

Cheers,

Ivan Labrie.

Commento:

Holding this one as insurance.

Commento:

Trailing the stop up to the entry is a wise thing to do.

Commento:

Excellent progress.
I'd reccomend taking partial profits and moving stop to entry price.

Commento:

Was a wise move, now with reduced risk free position, we can trade around it.

Commento:

New weekly high, very nice. Hold position.

Commento:

At this pace we'll hit my target very soon.
Move stops to protect profits: 126.67
Add to winner as follows, long 1/2 at:

127.85 and 127.26
Stop: 126.67
Target: 129.04

Keep main position until we hit the target above.

Trade chiuso manualmente:

Exit and cancel pending orders for now.

Commento:

Great rally so far, We might be able to reenter soon, but I'd wait for a safe setup.

Commento:

Almost at the target.

Commento:

I reccomend closing longs or trailing stops closely.

Trade chiuso: obiettivo raggiunto