DIS plan to short, If Gap down breaks hourly trend line
If Gap down breaks trend line,
Short at 97.5 or higher
Stop 103
target 81
Risk/reward=5.5/16.5=1:3
If Gap down below 97.5, wait for pullback.
if gap and run, do not chase, let it go.
This is a trading school homework. I make no promises or guarantees of earning.
I need next 6 months to practice my trading plan, and learn from my teachers continually.
If you like it, thank you for your support. Please use SIM account to try it, until my trading plans get high winning rate.
In real trade, I use options. Using Option allows me to set my stop behind next fresh demand/supply zone, to avoid being stopped at the same price as other stock traders.
Sum of my ideas: 1 winner, 0 loser, 1 active, 1 cancelled, 6 pending for condition, 1 analysis only.
Short at 97.5 or higher
Stop 103
target 81
Risk/reward=5.5/16.5=1:3
If Gap down below 97.5, wait for pullback.
if gap and run, do not chase, let it go.
This is a trading school homework. I make no promises or guarantees of earning.
I need next 6 months to practice my trading plan, and learn from my teachers continually.
If you like it, thank you for your support. Please use SIM account to try it, until my trading plans get high winning rate.
In real trade, I use options. Using Option allows me to set my stop behind next fresh demand/supply zone, to avoid being stopped at the same price as other stock traders.
Sum of my ideas: 1 winner, 0 loser, 1 active, 1 cancelled, 6 pending for condition, 1 analysis only.
Order cancelled:
DIS Gap down to 91. About 50% of the planned range. It might be a Runaway Gap.
This shows 40-50% of a trend;
Next range will be the other 50-60%.
Who wants to catch the next range, needs to use smaller time frame, 5 or 15 minute, to define smaller waves.
This shows 40-50% of a trend;
Next range will be the other 50-60%.
Who wants to catch the next range, needs to use smaller time frame, 5 or 15 minute, to define smaller waves.