Trade Entry Trigger Long (Limit Order 43,260) 5 to 1 (1000 ticks
I am placing an order for 43,260 for the pullback of the bull 180 bar for the reversal back up into those stacked highs for 1000 ticks.
I will be placing my stop under the bull 180's wick and under the 0.66 retracement. Around 175-200 ticks.
The stacked highs of liquidity lines up with 2x range expansions of the bull 180.
Two important take aways with this trade idea
1: Price cannot even pull back and I don't get a fill down there, thereby missing the trade
2: Price can indeed fill me and blow right through my stop.
I am ok with risking 1% for a potential 5% gain.
If you are comfortable taking this setup then you need to be ok with both 1 and 2 scenarios AND have the conviction to hold to target.
Entry: 43,260
Stop: 43,060
Target: 44,270
I will be placing my stop under the bull 180's wick and under the 0.66 retracement. Around 175-200 ticks.
The stacked highs of liquidity lines up with 2x range expansions of the bull 180.
Two important take aways with this trade idea
1: Price cannot even pull back and I don't get a fill down there, thereby missing the trade
2: Price can indeed fill me and blow right through my stop.
I am ok with risking 1% for a potential 5% gain.
If you are comfortable taking this setup then you need to be ok with both 1 and 2 scenarios AND have the conviction to hold to target.
Entry: 43,260
Stop: 43,060
Target: 44,270
הערה
The same idea on the 2 Hour chart is what happened on the 15 minute chart today. A pullback into the bull 180 bar for the run back up.עסקה פעילה
I am filled at 43,260Now to let the idea play out
הערה
So far the entry was spot on. Now price needs to get up and above the weekly open. I will tighten up my stop from 200 ticks to 125 ticks as price should not be returning here for this trade idea to play out. העסקה בוטלה באופן ידני
I ended up closing the trade at the 1.5X range expansion and called it a day after the 1% rally today. This trade was spot on from the entry to profit. I am actually quite surprised how accurate I was this week on what price was going to do. This tells me I am improving. 
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כתב ויתור
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.