Xero long

Jul 15, 2018

-3 Week flag
-2 year+ parabolic advance indicating strong trend
-Bollinger band squeeze on the daily
-Measured move 56.32 for a solid risk reward
-Similar characteristics to the RMD trade I had last month

30 basis points planned
Happy to have a buy stop order in the market during the day

Jul 15, 2018

Note

Stop buy order @ 46.90
SL @ 45.78
TP @ 56.17

Jul 16, 2018

Note

Order tweaked
Buy stop @ 46.91
SL @ 45.99
TP @ 56.17

Jul 16, 2018

Note

Disregard. Original order

Jul 17, 2018

Note

Perhaps we will have to wait for $45 support

Jul 17, 2018

Note

Risk adjusted stop brought down to low of day 45.32

Jul 19, 2018

Note

Order cancelled for now.
I wouldnt be suprised if we break out tomorrow

Jul 19, 2018

Note

Will go long into the closing bell if we breakout with a stop at the low of the day or the previous day

Jul 20, 2018

Note

Orders in

Jul 24, 2018

Note

Orders pulled for now. Unable to effectively bracket orders at this point

Jul 30, 2018

Note

Have lost interest. No matter how its drawn, is a break of parabolic trend which rarely ends without a 60-80% retracement with a good slug of volume and a bearish engulfing candle