Using Script: Buy in long term uptrend (Weekly and Daily) Weekly uptrend, Side way consolidation above EMA(144) Price pulled back to the buy signal area where crossed EMA144 on 3/16/2020;
Entry: 74 Stop: 70; when Below EMA144 Target: 90; risk/reward=1:4
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
⋅
Buy Aug C80/90 limit 1.7; No Stop in Option with Small risk; Risk/reward=1:5 is good enough to try in long term uptrend.
so is this a long entry on the stock, or a call spread trade? i can see it will be tricky to use a weekly view for an option trade like this - just IMHO.
PlanTradePlanMM
⋅
@RedKTrader, My plan is based on the stock trade. my active trading is option.
That is another hard work to convert stock price (S.E.T) and projected time into option strategy.