First trade - query
Joined 05/06/23 18:38
By tradinglounge · PostedTech Stock Market Report: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL Stock Market Summary: Tech stocks remain in bullish trend. Elliott Wave Analysis: APPL is in Wave (a) of an (a) (b) (c) Wave iv) correction, this will affect ETFs and the Nasdaq 100. This correction should be completed at the end of the next trading session. The tech stocks in this video are fine in their bullish trend structures. Trading Strategy: Longer term traders can simply hold as the main trend structure as a bullish trend is in place. Video Chapters 00:00 Apple (AAPL) 09:35 Amazon (AMZN) 10:54 NVIDIA (NVDA) 15:44 Meta Platforms (META) 17:41 Netflix (NFLX) 19:20 Alphabet (GOOGL) 21:33 Microsoft (MSFT) 25:16 Tesla (TSLA) 31:35 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com
Look Ahead to 6/6/23: RBA interest rate decision; UK retail sales; British American Tobacco Australia’s central bank is likely to keep rates at 3.85% in June, but may raise again soon as inflation remains uncomfortably high. More data is likely to show cost of living pressures continue to weigh on the British consumer. Plus, watch out for consumption trends and earnings from British American Tobacco. Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 05 June 2023
We would like to go short silver for technical reasons and do so at $23.58 with a stop-loss at $24.03 and a downside target at $22.15. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Monday 05 June 2023
I have just entered into my first trade but had a question. I have opened a sell order with a guaranteed stop loss. However, I would like to close part of my trade when it moves in my favour by 50 pips and let the rest of the trade ride further. I can see how to do this manually once I know the price has moved by 50 pips in my favour. I can also see how to do this if I want to close my entire position. However, I will not be glued to my computer screen all day and I only want to close part of my position. Is there a way to set an order so that when the price moves 50 pips in my favour part of my trade is automatically closed and the rest of the trade allowed to ride? Is the only way to do this to setup a text alert which tells me when the price has moved in my favour by 50 pips and then I can go in and manually partially close the trade?
Thanks for your help,
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