False breakout:
Break through the Supply Zone
One bar Up, next bar down,
Supply Zone had been confirmed after False Breakout
Short: 306 -- when trend line beak (TLB1)
Stop: 307.5; when breakout to higher High
Target: 300; risk/reward=1:4
This is a trading school homework. I need few 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.
Break through the Supply Zone
One bar Up, next bar down,
Supply Zone had been confirmed after False Breakout
Short: 306 -- when trend line beak (TLB1)
Stop: 307.5; when breakout to higher High
Target: 300; risk/reward=1:4
This is a trading school homework. I need few 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.
Trade active
Buy Jul P298 Market 8.00; Stop above 307.5;
Trade closed: target reached
SPY put is my Hedge positions to cover the stock long positions. In big down move like today, this put became a winner.
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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.