CAT Short double top
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.