LVS Long, side way consolidation in uptrend
Condition:
1. Wedge Break out to up side.
2. Previous Supply zone became a new demand zone
Projection: side way consolidation in uptrend
Next Earning date is 7/22/2020;
Stock Prepare to Buy: 48
Stop: 46
Target: 58 : Risk:Reward= 1:3
In my Live trade, I sold Put.
I am not a professional trader. I need few months to plan trade and trade 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. Wedge Break out to up side.
2. Previous Supply zone became a new demand zone
Projection: side way consolidation in uptrend
Next Earning date is 7/22/2020;
Stock Prepare to Buy: 48
Stop: 46
Target: 58 : Risk:Reward= 1:3
In my Live trade, I sold Put.
I am not a professional trader. I need few months to plan trade and trade 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
Option trade: Just sell Jul P45 Limit 1.3.Stop: 46
In My 6/6/2020 GLD idea, I prepare to long the Pullback, but GLD did not go down any more.
If I sold some put at that time, at least, I got some money for lunch.
Trade closed manually
BuyToClose Limit 0.4Price dropped, sell put is small winner. Identifying Quality demand zone is very important.
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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.