Long
Long Idea GER30
Price is clearly in an uptrend. Knowing that the trend is our friend😉 we'll be looking for long positions.
Good RR
SL should be at the breakout of the trendline.
Good RR
SL should be at the breakout of the trendline.
Trade closed: stop reached
This trade suffered from stop loss hunting. It was expected though. Our stop loss was supposed to be the entry point. And stop loss was supposed to be placed under the support.Lesson:
Next time, we'll set a pending order at the nearest support level and stop loss below the support.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.