Carnival:CCL Trend line play

This is on the main trend line.First touch rule trade. im long with stops below 2342

DYOR

that's amazing. Were you good at 'join the dots' as a kid Remo ?

See how carnival bounced of the gap support perfectly this morning.
That was also right near the trend line as well so gave it added support.
Gaps are great to enter a trade by or short by depending on where it comes.


some people fade gaps as well.so if a share gaps down then they actually take long positions in anticipation of the gaps getting filled. This is normally associated with a system trading. some thing for people to do research on

look at a close up of the chart below of the power of gaps.


education purpose only

Remo, this looks very interesting indeed,. but I am very sorry to say I just don't 'get it' yet. Would it be possible for you to do one of your excellent and instructive videos on the power of gaps please ?

boxhead1 wrote: Remo, this looks very interesting indeed,. but I am very sorry to say I just don't 'get it' yet. Would it be possible for you to do one of your excellent and instructive videos on the power of gaps please ?

This is the link of the video i have done already on gaps.This is actually in the learning section.
demo.chartsview.co.uk/learning/video-gap...-and-resistance.html

Ive gone long on this with a 25 point stop. This is a first attempt trade based on the trend line touch



dyor