Wesfarmers take 2# long

6 août 2018

-Primary pattern is a 66 month horizontal range
-Of which as an unmet target of 57.31
-8 day pennant in which I tried the long side of has morphed into a 5 week flag with well defined boundaries
-Tight bollinger band squeeze on the daily
-An attractive R/R

30 basis points of risk planned

6 août 2018

Note

Big picture

6 août 2018

Note

Stop buy @ 50.51
SL @ 49.70
TP @ 57.17

7 août 2018

Note

Stop @ 49.76 prior days low.
Breaking out now but on open 'retail' volume. Still keeping my buy stop above July high as I need that extra conviction for this trade

7 août 2018

Transaction en cours

Order filled

7 août 2018

Note

One of my pet hates is when price plumbs my order in the morning then turns down. It is not a detractor from the setup but always makes me tense to see if price will turn up short of my stop

8 août 2018

Note

Am somewhat more at ease after today, Still dubious

9 août 2018

Trade fermée: ordre d’arrêt atteint

I was wrong wrong wrong