ROKU to Long, after Runaway Gap filled, Join the trend in middle
Condition:
1. Downtrend line was broken by breakaway Gap (G1).
Start a new trend.
2. double bottom reversal pattern in Weekly demand zone
3. Runaway Gap (G2) in Uptrend. It shows 40-50% in the trend.
4. re-test demand, Gap filled.
Entry in demand Zone: below 92
Stop: 88
Target1: 107; risk/reward=1:3
Target2: 140; risk/reward=1:9
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.
In my real trade, I use options. I bought Jul C120/135 Call, limit 2.45;
Risk:reward=1:6. No stop. Max risk 2.45 is better than stock stop 4.
Sum of my ideas:
2 active, 12 winner, 1 loser, 0 pending for condition;
4 analysis only, 8 cancelled;
1. Downtrend line was broken by breakaway Gap (G1).
Start a new trend.
2. double bottom reversal pattern in Weekly demand zone
3. Runaway Gap (G2) in Uptrend. It shows 40-50% in the trend.
4. re-test demand, Gap filled.
Entry in demand Zone: below 92
Stop: 88
Target1: 107; risk/reward=1:3
Target2: 140; risk/reward=1:9
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.
In my real trade, I use options. I bought Jul C120/135 Call, limit 2.45;
Risk:reward=1:6. No stop. Max risk 2.45 is better than stock stop 4.
Sum of my ideas:
2 active, 12 winner, 1 loser, 0 pending for condition;
4 analysis only, 8 cancelled;
Dagangan aktif
BuyToOpen Jul C120/135 Call, limit 2.45;Dagangan aktif
Right now, ROKU is down 6; My ROKU C120/135 lost 0.1. If it was stock, It should be stopped.
By Trading option, I try to avoid being stopped at the same price as other stock traders. for now, I still have chance to win in the long term trending direction.
Actually, it looks like a bull flag today in Daily chart. If it can break out the downtrend line of bull flag, I will setup another entry to long.
Dagangan ditutup secara manual
SellToClose Limit 2.3 -- This is a small loser. Stock Price is above my entry, the option lost timing value.
Nota
This is really a bad trade. If I wait for one more day. It could be a big winner, Gap up 12.
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.