IBM to Long, Wedge Breakout
Condition:
1. Wedge Breakout
2. re-test trendline
3. SMA50 as support
Entry 126.5
Stop: 121.5
Target: 145; reward:risk=3:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
1. Wedge Breakout
2. re-test trendline
3. SMA50 as support
Entry 126.5
Stop: 121.5
Target: 145; reward:risk=3:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Trade active
Option trade:Buy Jan C135/150/165 Limit 1.73
Sell Jan P110/65 Limit 1.86
Stop 110.
If price stays between 110 and 135, it is just a game for free.
Note
I forgot to check earning date before entry. This is a mistake. Entry should be after the earning.Trade active
BuytoClose C150 Limit 0.23x2right now, I hold C135/165 and sold P110/65. still near buy for free.
Note
11/12 BuyToClose P110 limit 2.99, lost 1.13; today it is 0.3Trade closed manually
closed ALL 0.11, BIG LOSS
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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.