I entered this trade due to a candle and multiple closes outside of the . unfortunately I was a little late on publishing this one but I am trading options on this ticker and looking to sell those at 82.50-83.00 level unless I see a new trend beginning. if I believe a new uptrend is beginning then I will be trailing stops a very specific way (derived from back testing)
I entered on the Candle highlighted in yellow on the chart. I apologize for the lack of detail on this idea, normally I list all my reasons for entry along with pictures however this entry was based on a strategy that is a little complicated to explain. I will be looking to do some tutorials on these strategies upon request so please let me know if you are interested in any of these strategies on the comments section below.
Target 1- 82.50
Target 2- 84.00 with trailing stops
Good luck trading, I will be publishing more trading opportunities and ideas over the next couple days, thank you!
Target 1 has been reached and now I will look to exit near break even if the price fails to reach target 2 and gets back down to the $80.50-$81.00 price level.
if price does not fall below $81.00 and breaks above 83.10, I will roll stops (rules based exit) to just below $82.00. I hope these trading examples have been useful. Please feel free to let me know if you have any questions or need me to clarify something. Thank you and good luck trading!
This was another great WBA trade!