This approach is based on pullbacks. A pullback is a short-term counter-move in response to a strong impulse move. It is a controlled reversion towards the mean, which offers a structured approach to enter in case of momentum resumption. There is no precise execution point, rather approximation and patience.
A weekend watchlist is created using objective criteria and discretion. Alerts are placed and monitored during the week, with entries taken either on a valid pullback condition or in response to indication of continuation.
Watchlist: IMTX, NEE, FDMT, FE, EVRG, RLAY.
FE has been active since November 17 and has bracket orders. No interference.
RLAY Trade
The target was reached within the same session. Closed at 8.09 for a full 1R result.
If you want more trade reviews, weekend watchlists, or how to build a simple process, comment and let me know.
A weekend watchlist is created using objective criteria and discretion. Alerts are placed and monitored during the week, with entries taken either on a valid pullback condition or in response to indication of continuation.
Watchlist: IMTX, NEE, FDMT, FE, EVRG, RLAY.
FE has been active since November 17 and has bracket orders. No interference.
RLAY Trade
- Entry: 7.14
- Stop: 2.25 ATR
- Target: 1R
- Risk: 1% of Account
The target was reached within the same session. Closed at 8.09 for a full 1R result.
If you want more trade reviews, weekend watchlists, or how to build a simple process, comment and let me know.
Technical Trading: Research and Application
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stockleave.com/
Related publications
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.
Technical Trading: Research and Application
stockleave.com/
stockleave.com/
Related publications
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.