Trade entered today based on my thinking that
1. This is our second green bar in a row, and I believe that either we have found a new range in the 190-200 range or we are headed back up. Which leads me to point number two
2. If we are in fact in a range then the 184 short strike is outside of that range and then some, providing a decent margin of error.
184 was also the 16 delta short strike at the time, and met the return metrics for the trade (10% return on margin required - AKA Max loss). The plan will remain with these trades to close at -200% or take profit at +50%.
Fill on these was -0.57 on average after commissions.
That is it, mechanical and S/R based. Sorry there isnt more secret sauce!
1. This is our second green bar in a row, and I believe that either we have found a new range in the 190-200 range or we are headed back up. Which leads me to point number two
2. If we are in fact in a range then the 184 short strike is outside of that range and then some, providing a decent margin of error.
184 was also the 16 delta short strike at the time, and met the return metrics for the trade (10% return on margin required - AKA Max loss). The plan will remain with these trades to close at -200% or take profit at +50%.
Fill on these was -0.57 on average after commissions.
That is it, mechanical and S/R based. Sorry there isnt more secret sauce!
Dagangan ditutup: sasaran tercapai
Closed today @ >50% profit - for a 0.25 debit
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.