I am closing my earlier trade with 0,08% (of total account) loss because price action on lower TM signalled that my analysis seems to be wrong. Triangle is still worth a trade, so I reconsidered my count and opening trade in the opposite direction. Position size: limited by the rule that holding of a single company should not exceed 5% of the total portfolio,...
I have noticed something that I think is ABC pattern which allows to effectively double the previous trade while keeping the same risk exposure. ABC pattern is confirmed by divergence with indicators and by PA against support level on 1H chart. Moving stops and doubling the position. Everything else is as per 2020/8 trade. Risk reward has gone up to 5.8
Surfing charts I stumbled upon a geometrically clean triangle. Will attempt shorting MOEX:LKOH . My rules cap exposure to one company at 5% of the portfolio. It limits the risk of this trade to just 0,17% of the total portfolio. Good, because shorting is not my strongest skill + the trade will involve some cost of short selling. Pattern: triangle in something...
$LKOH 4H has broken and retested Chuvashov's fork (orange line) after the bounces from the top of the trend channel. Expecting further downside to the bottom of the channel or lower, if megaphone formation plays out.
Lukoil is a Russian oil company with shares traded on the Moscow Exchange. Stock prices are nominated in Russian rubles, instrument's symbol is MOEX:LKOH. During the recent years the Lukoil stock had a pretty good uptrend, and even made an all-time high this January. But the things are turning south, with signals of a long term trend reversal. Look at the weekly...