ABT Long, add position to existing trading plan (05/15)
Condition:
1. False breakout stopped most of the positions bought in the demand zone.
1.1 After big down move
1.2 consolidation in Demand Zone
1.3 Break through the Demand Zone
1.4 One bar down, next bar up, closed Higher than previous high.
1.5 Up bar closed Higher than Demand Zone;
2. Down Trend line break.
3. 60 min demand zone confirmed
Entry: 90
Stop: 87.5
Target: 98; risk/reward=1:3
This is a trading school homework. I need few 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.
From now on, if I got more confirmation,
I will begin to add position to existing trading plan.
1. False breakout stopped most of the positions bought in the demand zone.
1.1 After big down move
1.2 consolidation in Demand Zone
1.3 Break through the Demand Zone
1.4 One bar down, next bar up, closed Higher than previous high.
1.5 Up bar closed Higher than Demand Zone;
2. Down Trend line break.
3. 60 min demand zone confirmed
Entry: 90
Stop: 87.5
Target: 98; risk/reward=1:3
This is a trading school homework. I need few 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.
From now on, if I got more confirmation,
I will begin to add position to existing trading plan.
Transaction en cours:
I Sold Aug 80 Put, limit 2.48;
Option Stop below 87.5.
Option Stop below 87.5.
Trade fermée: cible de profit atteinte:
Close P80 Limit 1.55; Win 38% = 1- 1.55/2.48;
