Condition:
Downtrend line was broken by Gap (G1).
It is closed now, not a strong breakaway Gap. At least, it shows little up side strength.
Trend line break (TLB) Entry:
Stop/market buy above the trend line TL1, (below 34.5)
Stop 0.5 below the trend line TL1, (about 32.5)
Target1: 40; risk/reward=1:2.7
Target2: 50; risk/reward=1:7
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.
Trading stock in this plan might be stopped too easily.
In my real trade, I use option Delta to simulate 40 shares of stock.
I bought Sep C40/50 (Delta 0.22), limit 2.55;
and Sell Sep P23 (Delta -0.18) limit 2.55;
stop when 23.
This option strategy is BFF "Buy For Free".
If XOP stays between 23 and 40. No winner, no loser.
Downtrend line was broken by Gap (G1).
It is closed now, not a strong breakaway Gap. At least, it shows little up side strength.
Trend line break (TLB) Entry:
Stop/market buy above the trend line TL1, (below 34.5)
Stop 0.5 below the trend line TL1, (about 32.5)
Target1: 40; risk/reward=1:2.7
Target2: 50; risk/reward=1:7
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.
Trading stock in this plan might be stopped too easily.
In my real trade, I use option Delta to simulate 40 shares of stock.
I bought Sep C40/50 (Delta 0.22), limit 2.55;
and Sell Sep P23 (Delta -0.18) limit 2.55;
stop when 23.
This option strategy is BFF "Buy For Free".
If XOP stays between 23 and 40. No winner, no loser.
Dagangan aktif
I bought Sep C40/50 (Delta 0.22), limit 2.55;and Sell Sep P23 (Delta -0.18) limit 2.55;
stop when 23.
Dagangan ditutup secara manual
SellToClose P23 limit 1.99 -- remove the downside riskSellToOpen C45/55 limit 1.99 -- cover the cost
Till now, I got a long position XOP Condor C40/45/50/55 for free.
This is a winner.
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.