CaterpillarShort
CAT Short double top
Updated
Condition:
1. double top
2. Up trendline break (TLB)
Entry at 126
Stop: 128 (Above trend line)
Target1: 118; risk/reward=1:4
Target2: 114; risk/reward=1:6
Target3: 110; risk/reward=1:8
TL2: next up-trend-line matches next demand T1;
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
1. double top
2. Up trendline break (TLB)
Entry at 126
Stop: 128 (Above trend line)
Target1: 118; risk/reward=1:4
Target2: 114; risk/reward=1:6
Target3: 110; risk/reward=1:8
TL2: next up-trend-line matches next demand T1;
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Trade active
In my option trade, I bought Jun P115/110, limit 2.85; Stop above 130.
Trade active
Correction , I bought Jun P115/100, limit 2.85; -- not P115/110Trade closed manually
Today, Breakaway Gap. CAT down $8;SellToOpen P105/90, limit 2.85; I locked a free position P115/105/100/90;
This is a winner.
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