This is an example of how DDD could have been traded throughout Nov once proper trend lines and trend channel lines were identified.
Finding a proper support/resistance levels is always a key to the successful trading and trend lines/trend channel lines are often providing very good support & resistance, as seen on this chart.
Depending on the price action, the entries could have been at either stop orders (below or above previous bars when bar at trend line/TC line is in the opposite direction to a trade) or at market orders (when the bar formed at trend/TC line was in the trade direction).
Exits were with limit orders on the opposite side of the channel near respective lines, stops were at the closest trend line/TC line.
5 entries could have been made for $7-$10 of profit each with risks between around $1-$4.
Finding a proper support/resistance levels is always a key to the successful trading and trend lines/trend channel lines are often providing very good support & resistance, as seen on this chart.
Depending on the price action, the entries could have been at either stop orders (below or above previous bars when bar at trend line/TC line is in the opposite direction to a trade) or at market orders (when the bar formed at trend/TC line was in the trade direction).
Exits were with limit orders on the opposite side of the channel near respective lines, stops were at the closest trend line/TC line.
5 entries could have been made for $7-$10 of profit each with risks between around $1-$4.