JPM to Long, in Uptrend after FIB#38.2% retracement

27 thg 3, 2020

Condition:
1. Downtrend line was broken by breakaway Gap (G1).
Start a new trend.
2. double bottom reversal pattern in Weekly demand zone
3. Fib# 0.382 retracement,
4. demand zone.

Entry in demand Zone: below 92
Stop: 90
Target1: 97; risk/reward=1:3
Target2: 103; risk/reward=1:5

DZ2: This is a better demand entry, and match Fib# 0.618;
If it is a strong trend, It may not come to here.

This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.

27 thg 3, 2020

Giao dịch đang hoạt động

In my real trade, I use options. I bought May C110, limit 2.3;
stop when price below 90. This is a short term trade. I need stop if I am wrong.

27 thg 3, 2020

Giao dịch được đóng thủ công

SellToOpen C115 Limit 1.5
Total Cost 0.8 to keep C110/115.
If I sell c110, I can make 0.3.
It is an OK trade. Not very good.