Condition:
1. Downtrend line was broken by breakaway Gap (G1).
Start a new trend.
2. double bottom reversal pattern in Weekly demand zone
3. Runaway Gap (G2) in Uptrend. It shows 40-50% in the trend.
4. re-test demand, Gap filled.
Entry in demand Zone: below 92
Stop: 88
Target1: 107; risk/reward=1:3
Target2: 140; risk/reward=1:9
This is a trading school homework. I need 6 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.
In my real trade, I use options. I bought Jul C120/135 Call, limit 2.45;
Risk:reward=1:6. No stop. Max risk 2.45 is better than stock stop 4.
Sum of my ideas:
2 active, 12 winner, 1 loser, 0 pending for condition;
4 analysis only, 8 cancelled;
1. Downtrend line was broken by breakaway Gap (G1).
Start a new trend.
2. double bottom reversal pattern in Weekly demand zone
3. Runaway Gap (G2) in Uptrend. It shows 40-50% in the trend.
4. re-test demand, Gap filled.
Entry in demand Zone: below 92
Stop: 88
Target1: 107; risk/reward=1:3
Target2: 140; risk/reward=1:9
This is a trading school homework. I need 6 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.
In my real trade, I use options. I bought Jul C120/135 Call, limit 2.45;
Risk:reward=1:6. No stop. Max risk 2.45 is better than stock stop 4.
Sum of my ideas:
2 active, 12 winner, 1 loser, 0 pending for condition;
4 analysis only, 8 cancelled;
Trade active:
BuyToOpen Jul C120/135 Call, limit 2.45;
Trade active:
Right now, ROKU is down 6; My ROKU C120/135 lost 0.1.
If it was stock, It should be stopped.
By Trading option, I try to avoid being stopped at the same price as other stock traders. for now, I still have chance to win in the long term trending direction.
Actually, it looks like a bull flag today in Daily chart. If it can break out the downtrend line of bull flag, I will setup another entry to long.
If it was stock, It should be stopped.
By Trading option, I try to avoid being stopped at the same price as other stock traders. for now, I still have chance to win in the long term trending direction.
Actually, it looks like a bull flag today in Daily chart. If it can break out the downtrend line of bull flag, I will setup another entry to long.
Trade closed manually:
SellToClose Limit 2.3 -- This is a small loser.
Stock Price is above my entry, the option lost timing value.
Stock Price is above my entry, the option lost timing value.
Comment:
This is really a bad trade. If I wait for one more day. It could be a big winner, Gap up 12.