Well, you know there's a significant trendline starting from 28th May ... I believe it should go down to low-30ish within 3 weeks (till mid Aug)
So my trading setup is as follows...
Assume the lower trendline breaks on Monday...(7/27)
Entry: 40.77 / Quantity : 2 contracts
S/L: 41.64
Target: (1) 40.02 / (2) 31.17
P/L ratio: 11
- Entry, S/L can vary depending on price action & price level vs. the lower trendline
- Once it reaches the target (1), take-profit half of the initial position, moving S/L to the entry level
- If price retested trendline, it would trigger the breakeven stop-loss. In that case will enter the same position again, possibly w/ better price.
Triggered by US IT stocks tumbling, there's possibility that near-term global rebalancing should occur..along w/ massive correction of all assets.
So my trading setup is as follows...
Assume the lower trendline breaks on Monday...(7/27)
Entry: 40.77 / Quantity : 2 contracts
S/L: 41.64
Target: (1) 40.02 / (2) 31.17
P/L ratio: 11
- Entry, S/L can vary depending on price action & price level vs. the lower trendline
- Once it reaches the target (1), take-profit half of the initial position, moving S/L to the entry level
- If price retested trendline, it would trigger the breakeven stop-loss. In that case will enter the same position again, possibly w/ better price.
Triggered by US IT stocks tumbling, there's possibility that near-term global rebalancing should occur..along w/ massive correction of all assets.
Nota
Oh, did not upload the full chart. SorryAnyway, not entered position yet
Nota
Enter short-position: 40.68Dagangan aktif
Enter short-position: 40.68S/L @ 41.75
Dagangan ditutup: hentian tercapai
Hit 41.75 - lost 108 ticks or $1080
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.