TradeWithChannels

Bounce off the trend line

Long
TradeWithChannels Updated   
NSE:CGPOWER   CG POWER AND INDUS
Prices following the trend neatly.
A strong retest of the trendline and the support.
Trade active:
Bought it at 44.65. SL 37.5 Target 55
Comment:
Didn't hit stop loss of 37.5 yet.
Comment:
Comment:
Trailing SL to lock profits!
Comment:
I just love the simplicity of drawing trendlines!
No reading news
no effort to scan fundamentals required
can get a low risk high reward entry
allows one to be independent of the noise around

But the major problem with it is the nagging question:
How can it be so simple?
Believe me, I have been through it and still have it in the back of my mind everytime I trade/invest.

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