zapamac
Long

MY Entry Setup for High Probability Trade "Long"

AMEX:PPLT   ETFS PHYSICAL PLATINUM SHARES
SETUP for a Swing Trade with 5 to 1 and 10 -1 risk reward. ENTRY Range, Initial STOP, and 2 different Target levels listed on Chart. Any Questions happy to answer how I use this setup to make consistent profits.
Setup=
1. Bollinger Band extreme with strong bullish candle followed by 2 days closing above that candles low. Pattern has repeated again and again.

2. CCI cleared extreme -200 level "oversold and setting up a strong move.

3. Retracement in line around 50% supports the bounce

STOP Must be around 137 as this keeps the trade a 5 to 1 RISK REWARD 2st target and 10 to 1 2nd target, and do not trail stop until first target is hit, im willing lose that much on this trade knowing slippage is possible due to opening gaps in stock . also as this stock gaps up/down at open so any tighter u will be stopped out and I would not hesitate to re-enter trade if price clers 138.16 level. I will keep 137.12 stop until first target hit than will trail stop using Volatility stop.


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