CME prepare to Long, double bottom updated plan
Replace yesterday's CME plan by this.
Existing condition:
1. Weekly demand zone confirmed
2. 60 min Chart double bottom formed
Plan A: If open near today's close
Buy below 142
Stop: 131
target: 185
Risk/reward=1:4
Plan B: If open Gap up (G1) break trendline
Buy at open (Better under 150)
Stop: 143 -- If it is breakaway Gap, it should not pull back under the trendline.
target: 185
Risk/reward=1:5
This stock is not good in Option: Bid/ask too big.
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.
Sum of my ideas: 1 winner, 1 loser, 4 active, 8 cancelled, 3 pending for condition, 1 analysis only.
Existing condition:
1. Weekly demand zone confirmed
2. 60 min Chart double bottom formed
Plan A: If open near today's close
Buy below 142
Stop: 131
target: 185
Risk/reward=1:4
Plan B: If open Gap up (G1) break trendline
Buy at open (Better under 150)
Stop: 143 -- If it is breakaway Gap, it should not pull back under the trendline.
target: 185
Risk/reward=1:5
This stock is not good in Option: Bid/ask too big.
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.
Sum of my ideas: 1 winner, 1 loser, 4 active, 8 cancelled, 3 pending for condition, 1 analysis only.
Trade closed: target reached
I didn't take this trade. Analysis only.
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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.
Related publications
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.