Mar. 12 at 7:36 PM
$IMO $IMO.TSX this tactical trade has done from well from the inflection point but alerted to take half size off after price's excursion outside the upper 2.5 dev channel while RSI became overbought - and when it closed back within and RSI turned down from overbought - that was the signal to take partial profits on half the position. However, the lower channel wall has not yet been violated and when it finally is - that will mark the exit from the trade. Do you find this kind of logic interesting and even profitable? Now let me tease you. Although the short-term tactical trading system has been very profitable over the past 10 years with 34 trades, the long and more strategic system has only taken 9 trades and as you can see has been low maintenance and extremely profitable - and just look at that manageable and low drawdown
