npatz_2000
Long

WYCKOFF LONG ON HDS

NASDAQ:HDS   HD SUPPLY HOLDINGS INC
27 0 1
This is another trade on the same idea as Royal Bank of Canada. Only this is an example of a 2nd tier entry since the retracement is to the 0.618 level. On this entry we are once again 1 day too late, only on this one we need price to retrace to at least $28.53 to achieve a R:R of 1:2, which is my bare minimum R:R. Initial stop remains the swing low and target is the last major swing high. Ultimately what we trying to do with this setup is to catch a bear trap in action, which then runs the stops of the bears and adds to the momentum for the longs, which allows this type of trade to achieve its target in a relatively short period of time, but because of this we need to be quick to accept our losses. Good Trading.

Related Ideas

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out