Market: strong up trend (short term)
Sector: stage 2
Stock: above rising 30W/D/H EMA, stock about to break the consolidation range. No overhead resistance ( near all time high)
If we buy at weekly and daily chart, the stop loss would be too large. So we zoom to 1 hour chart and buy if the price break last friday's high, and stop loss would be under 20EMA.
Buy Point: break above 74.15
20 ATR: 1.2(h), 3.24(d)
Stop loss: 70.51 (20EMA) about 3 ATR
First Target: 84
Reward/Risk Ratio: 10/3.64=2.7
Total Capital: 17000
Shares to buy:17000x1%/3.64=46
Since the market is pretty good in last week, let's buy 50 shares. which make total risk is more than 1% of capital.
Sector: stage 2
Stock: above rising 30W/D/H EMA, stock about to break the consolidation range. No overhead resistance ( near all time high)
If we buy at weekly and daily chart, the stop loss would be too large. So we zoom to 1 hour chart and buy if the price break last friday's high, and stop loss would be under 20EMA.
Buy Point: break above 74.15
20 ATR: 1.2(h), 3.24(d)
Stop loss: 70.51 (20EMA) about 3 ATR
First Target: 84
Reward/Risk Ratio: 10/3.64=2.7
Total Capital: 17000
Shares to buy:17000x1%/3.64=46
Since the market is pretty good in last week, let's buy 50 shares. which make total risk is more than 1% of capital.
Comment:
This is a lost trade it turned out
Trade closed: stop reached:
Stop set too tight