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
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
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。