MU Long, Using "MM_SMA_Swing" to find trading opportunity
Add "MM_SMA_Swing" with input: Show SMA(50), Dev (1%)
Add EMA(144)
Draw trend lines, Verify the price action:
1. Wedge breakout to up side,
2. Pull back to re-test the trend line
Entry: 47
Stop: 45; when trend line break, also Below EMA144 and SMA50
Target1: 53; risk/reward=1:3
Target2: 58; risk/reward=1:5
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.
Add EMA(144)
Draw trend lines, Verify the price action:
1. Wedge breakout to up side,
2. Pull back to re-test the trend line
Entry: 47
Stop: 45; when trend line break, also Below EMA144 and SMA50
Target1: 53; risk/reward=1:3
Target2: 58; risk/reward=1:5
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:
BuyToOpen Oct Bubberfly C50/60/70 Limit 1.80 (delta = 0.10)
SellToOpen Oct 40 Put, limit 2.92; (delta = -0.26)
Option Stop below 45.
I bought early morning today. Price is better than my entry now. :)
SellToOpen Oct 40 Put, limit 2.92; (delta = -0.26)
Option Stop below 45.
I bought early morning today. Price is better than my entry now. :)
Trade closed: target reached:
I bought butterfly. Such quick move is not good for me.
It is only a small winner.
It is only a small winner.
