My hypothesis:
I will trade this setup. It will only get triggered if some important resistances are broken:
o A rectangle resistances from a sharp move down.
o The resistance from the upwards channel
o Upper Bollinger Band
o Far above the volatility shown by the Average True Range Stop (the red line in the rectangle)
Target:
o I'll take some profit at a major downtrend from a 1D TF
Stop-loss:
o Below the major uptrend of the lower lows from 1D TF
o Below the support of the uptrend channel
o Once the setup has been triggered a better stop-loss might have been appeared. I'll use this one then.
Position size:
The full 20% of my portfolio which is planned for VET.
Disclaimer:
I'm a bloody beginner and I'm only publishing that to put some pressure on my to plan and review my trades correctly. This is why it is obviously not financial advice.
Your feedback is welcome!:
Please tell me your opinions as I'm looking forward to other views on my trade idea in the comments and please click thumbs up if you like id.
I will trade this setup. It will only get triggered if some important resistances are broken:
o A rectangle resistances from a sharp move down.
o The resistance from the upwards channel
o Upper Bollinger Band
o Far above the volatility shown by the Average True Range Stop (the red line in the rectangle)
Target:
o I'll take some profit at a major downtrend from a 1D TF
Stop-loss:
o Below the major uptrend of the lower lows from 1D TF
o Below the support of the uptrend channel
o Once the setup has been triggered a better stop-loss might have been appeared. I'll use this one then.
Position size:
The full 20% of my portfolio which is planned for VET.
Disclaimer:
I'm a bloody beginner and I'm only publishing that to put some pressure on my to plan and review my trades correctly. This is why it is obviously not financial advice.
Your feedback is welcome!:
Please tell me your opinions as I'm looking forward to other views on my trade idea in the comments and please click thumbs up if you like id.
Comment:
I generally have a bearish bias and plan to trail this long on the way down for the case the trend reverses.
Trade closed manually:
The entry never materialized which is why I could trail my entry lower in this idea:
