Bullish setup of NIO(key zone: 52-55)

2 בפבר׳ 2021

My trade idea is mainly based on daily chart. Basically, confluence plays.

If you're aggressive, you can already in this trade. Personally, I'm a bit conservative that I need to see the price action on 60m.

2 בפבר׳ 2021

הערה

I don't see what I want to see. So, take no action.

3 בפבר׳ 2021

הערה

It seems buyers are coming in at the bottom of the zone. They have to conquer the downtrend line as well as the control high.

3 בפבר׳ 2021

הערה

The momentum is strong. Entry point 56.6, stop loss is a bit tight around 54.40

3 בפבר׳ 2021

הערה

Perfect. Price goes exactly as what I expected. This is a momentum trade for the entry.

4 בפבר׳ 2021

הערה

My entry is 56.6 with stop 54.4 and target 1 59.6 respectively. Target 1 is actually the key zone of 15m and should be easy to hit.

6 בפבר׳ 2021

הערה

I was asked how NIO would go yesterday. I said momentum is still strong but watch out the key level of 56.25. I was right about the key level, but bit of too optimistic about the momentum. That's real trading. Market don't care our view. So, if the key level holds, target 1 is very likely to be hit. It missed a bit on Thursday.

8 בפבר׳ 2021

הערה

This is 15min chart. My previous marked key zone holds well, now it has to conquer the nearest supply zone to the upside.

9 בפבר׳ 2021

עסקה סגורה: היעד הושג

After 7 days of the published idea, target 1 got hit finally.

10 בפבר׳ 2021

הערה

Trail your stops. I don't have specific target 2, so let's trail the stop until we get stopped out

18 בפבר׳ 2021

הערה

This chart shows exactly how important it is to trail your stops. yep. We gave some profit back to the market. but at least we left the market with some money. If you didn't manage your trade, your profit got wiped out.