Condition:
1. Downtrend line was broken by breakaway Gap (G1). Start a new trend.
2. 7/10/2009 Weekly demand zone confirmed
3. G2: runaway Gap shows 40-50% of the trend.
4. Fib 0.5 retracement,
5. Demand zone.
6. Gap up today
Entry in demand Zone: below 11.8 or buy at open
Stop: 10.5
Target1: 18; risk/reward=1:5
Target2: 21; risk/reward=1:7
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. 7/10/2009 Weekly demand zone confirmed
3. G2: runaway Gap shows 40-50% of the trend.
4. Fib 0.5 retracement,
5. Demand zone.
6. Gap up today
Entry in demand Zone: below 11.8 or buy at open
Stop: 10.5
Target1: 18; risk/reward=1:5
Target2: 21; risk/reward=1:7
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 C16, limit 2.1; stop when price below 10.5.
Trade closed manually
SellToOpen C18 limit 2.3, hold C16/18, and got little profit.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.