Condition:
1. Downtrend line was broken by breakaway Gap (G1).
Start a new trend.
2. G2: runaway Gap shows 40-50% of the trend.
G2 Filled.
3. Demand zone conformed.
Entry near demand Zone: below 22 ;
Or buy after down trend line break;
or buy at tomorrow open if Gap up (Gap3) ;
Stop: 20;
Target1: 26; risk/reward=1:2
Target2: 31; risk/reward=1:4
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. Downtrend line was broken by breakaway Gap (G1).
Start a new trend.
2. G2: runaway Gap shows 40-50% of the trend.
G2 Filled.
3. Demand zone conformed.
Entry near demand Zone: below 22 ;
Or buy after down trend line break;
or buy at tomorrow open if Gap up (Gap3) ;
Stop: 20;
Target1: 26; risk/reward=1:2
Target2: 31; risk/reward=1:4
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 real trade, I bought Sep C25, limit 2.35; stop when price below 20.
Trade closed: target reached
This is a winner.
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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.
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.