Very simple setup. This big sexy green candle just brokeout a 29 day tight flag with:
1. gentle retracement only
2. Small red candles
3. Also worthy of a separate mention: SMALL candles contrasting with the size and strength displayed by our sexy green candle.
First two points ilustraste lack of bearish attention. Last point foreshadows good odds of a strong move towards the upside.
You choose your SL, Target and Position size. I'm sticking with the foll:
SL: 1 ATR below low of the flag
TP: Once ATR trailing SL hit
PS: risking 1pct of my ttl equity
Feedback appreciated.
Cheers,
Ruben
1. gentle retracement only
2. Small red candles
3. Also worthy of a separate mention: SMALL candles contrasting with the size and strength displayed by our sexy green candle.
First two points ilustraste lack of bearish attention. Last point foreshadows good odds of a strong move towards the upside.
You choose your SL, Target and Position size. I'm sticking with the foll:
SL: 1 ATR below low of the flag
TP: Once ATR trailing SL hit
PS: risking 1pct of my ttl equity
Feedback appreciated.
Cheers,
Ruben
Comment:
easy-trades.blogspot.com/ - for more info about the system and scans :)