Long
AppCoins (APPC) - Breakout!
As anticipated a couple days ago, we had a daily close and a new 65-day high. An intraday (6h) time frame showed a clear bounce of support. Entry was executed as per the chart indicator at 461. Even though I am showing two targets, I like to hold these trend-following trades for longer or until the evolving risk:reward doesn't make much sense. As you can see, since breakout trades usually have a smaller success rate, the risk-reward ratio is pretty high.
By keeping our risk fixed with a stop-loss yet letting our winning trades run its course, we increase the likelihood of a successful strategy in the long run.
By keeping our risk fixed with a stop-loss yet letting our winning trades run its course, we increase the likelihood of a successful strategy in the long run.
Nota
Stopped out. I seem to have misinterpret the critical breakout level and eventual S/R level being flipped. It seems to be around the price where I originally placed the stop. I could have also used a much wider stop given how good the risk-reward ratio is on this one.
Lesson learned.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.