Quote from: SecureErase on August 19, 2014, 10:41:05 AM

Great description of how to trade with a disciplined professional way, breath of fresh air compared to the majority of comments in this speculation forum. Keep it up.

Thanks

This channel trade has now reached the channel top, so if I were actively trading it the lowest risk option would be to close out the trade and take the profit, alternate approach would be to move stop loss up a bit and trail the price a couple of candles back (below is a 4 hour chart) in case of breakout.
Interesting to see what develops here, if price moves out of the drawn channel then the channel pattern is busted and we start all over again. Breaking $500 area resistance will require some buying volume to come in.