Here is the same type triangle in December corn.
Notice that once prices broke out of the triangle, the stop loss order was never threatened and prices met the profit objective in about three weeks.
Not a big gainer, but when your risk is low and there is no input from you needed after you place your orders, it becomes a low-risk profitable trade.
Here is what you need to make these trades happen:
- Red pencil, ruler, free charts from the Internet
- Learn how to spot triangles and other chart formations. It's not rocket science!
- Learn how to place orders.
- A minimum size broker account (no minimum size for some option trading accounts.)
Why would you listen to other's advise or buy expensive software when all you need is right there on your charts?
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