Condition:
1. weekly chart in uptrend (Price>EMA144>EMA233)
2. Runaway Gap (G1) Shows 40% of the trend.
3. 60 min demand zone confirmed
Earning Date: 7/16/2020. It will not affect this trading plan.
Estimate: Breakaway Gap (G2) up in next week.
Entry: Below 90
Stop: 88
Target1: 98; risk/reward=1:4
Target2: 108; risk/reward=1:9
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.
1. weekly chart in uptrend (Price>EMA144>EMA233)
2. Runaway Gap (G1) Shows 40% of the trend.
3. 60 min demand zone confirmed
Earning Date: 7/16/2020. It will not affect this trading plan.
Estimate: Breakaway Gap (G2) up in next week.
Entry: Below 90
Stop: 88
Target1: 98; risk/reward=1:4
Target2: 108; risk/reward=1:9
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:
I bought Aug Call spread C95/105, limit 2.43;
Option Stop below 88.
Option Stop below 88.
Trade closed: target reached:
SellToClose Limit 4.9
This is a good trade.
This is a good trade.