1st HL after bullish missing right shoulder divergence on daily, also bullish div on weekly which acknowledges a possible upmove which can be seen on the daily.
V2 trigger on daily as well, forming the low.
Up after 1st HL, expectation is first target on 2 ATR when 1st higher high forms , then I take 33% out, remainder remains to be seen, I expect to exit another 33% on 3 ATR and remainder on 1 ATR 1W.
1st TP: 80,89
2st TP: 82,99
3st TP: 92,48
E: 77,36
SL: 75,48
R/R: 1:1.88
This is trade #00019
Closed 13 trades now.
Hitrate 13 out 18 trades = 72.22%
V2 trigger on daily as well, forming the low.
Up after 1st HL, expectation is first target on 2 ATR when 1st higher high forms , then I take 33% out, remainder remains to be seen, I expect to exit another 33% on 3 ATR and remainder on 1 ATR 1W.
1st TP: 80,89
2st TP: 82,99
3st TP: 92,48
E: 77,36
SL: 75,48
R/R: 1:1.88
This is trade #00019
Closed 13 trades now.
Hitrate 13 out 18 trades = 72.22%
Trade closed: stop reached
It went fine, and then 2 long red bars on the daily :( SL hit. Lesson learned:
The setup was fine, the only thing that troubled me is that it's quite a low volume stock (250K Euro per day), to be honest, I don't trade them too often. Let's change that to never.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.