I am Long now at 44,437
120 tick stop
335 tick target
Market gapped down, flushed the lows, tapped the monthly open by a hair and closed back inside. My stop is under the low and under the monthly open. My idea is that is will continue bullish back into the range.
Price is forming a range and mean reverting around March's Monthly Open.
February's Monthly Open was used as Resistance
I am giving this trade idea a go and if it doesn't work out, who cares. I don't know the order of my wins and losses and I must take every trade in my system.
120 tick stop
335 tick target
Market gapped down, flushed the lows, tapped the monthly open by a hair and closed back inside. My stop is under the low and under the monthly open. My idea is that is will continue bullish back into the range.
Price is forming a range and mean reverting around March's Monthly Open.
February's Monthly Open was used as Resistance
I am giving this trade idea a go and if it doesn't work out, who cares. I don't know the order of my wins and losses and I must take every trade in my system.
Trade closed manually
I closed trade at 4pm market close and got whatever the market was able to give me today. I got a little over 2 to 1. I admit my entry was not the greatest and I almost got stopped out by 5 ticks. I need to get better at after finding a good level, to then get a good entry. I tend to jump the gun a lot. 
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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.