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TradeWithChannels
Dec 25, 2020 3:53 AM

Bounce off the trend line  Long

CG POWER AND INDUSNSE

Description

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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