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Canadian Tire Corporation, LimitedCanadian Tire Corporation, LimitedCanadian Tire Corporation, Limited

Canadian Tire Corporation, Limited

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CTC trade ideas

Long on Canadian. Demand zone failed. Risk management The trade setup. Anytime I enter a trade, key word is trade management. How much am I willing to risk is my first calculation. comparing to my Reward, yield a risk management. In this case I was willing to risk 8 to 10 points for a reward of 20-30 points. a ratio of 2.5 is ok, but I would like to see a Risk Reward of 3-5 Why I took the Trade. The odd Enchanters - the Stock is Strong one, making a Higher High (HH) in June-2021 - the correction drops into the DZ that is HL of the Week uptrend - Imbalanced selling into a DZ; nice Things I can improve on - time my Enter of the LNG to be tighter (less risk) Things I learned. - The Long-term (M) was not with me, meaning technically the monthly chart(M) was in a downtrend. this actually violated my trade plan but I took the trade anyways - Before the correction. Price did make a HH on the (W) but not a Higher Close (Red Circle);indicating slowing buying momentum
TSX:CTC.ALong
by greatful-me
Canadian Tire Corporation Limited Hey, this is for the Canadian tire guy that helped me today. this is for you. :) let me start 1---- > November 1first was a record-breaking sell candle since the November 23rd, 2010, after that we had a huge rally of 300% over 4 years (NICE) 2-----> we are creating a higher macro high and so far a lower macro high on a bullish falling wedge 3-----> there is major support at the wight line at 166.51 that can not be broken that would bearish and be looking for more further downside 4-----> short term the trend is down and the target is the bottom of the wedge pointed, if broken that will be a bearish 5-----> if broken to the upside I would target the upside trend line 6-----> the trend is played in the wedge until broken up or down {huge sell volume} November 23rd, 2010 = 9% drop bottom 65.59$ November 1first 2019= 13% drop bottom 185.13$ hope this helps for now (NFA, DYOR)
TSX:CTC
by superkitty