CENTURY TEXTILE : Risk/Reward 1:6

9 thg 1, 2020

Long Centurytex

Entry 490
Stop-loss 473
Target 590
Risk/Reward 1:6

I explain more about my analysis later in updates.

9 thg 1, 2020

Ghi chú

Bullish Flag Breakout.

One thing i hate about all the chart patterns is placing a stop-loss at the pattern lows. That spoils a RR Ratio.

Bullish Flags are continuation patterns it assumes that the prevailing trend will continue after the breakout.
So why keeping stop-loss at the pattern low?
If the trend is strong then breakout will be as strong as a trend too.
I don't applying a re-test theory in my trading with short term patterns

9 thg 1, 2020

Giao dịch đang hoạt động

It looks like a pullback is completed, and now ready to continue on going up-trend with a flag breakout.



We are trading probabilities, we can't predict future prices, but we can trade what is probable as per our learning and experience.

13 thg 1, 2020

Ghi chú

Centurytex 513 trading at 0.618% retracement. Closing above 0.618& re will be a good bullish sign.

24 thg 1, 2020

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