🍀Overview
- The strategy has identified a qualifying setup, triggered an alert, and placed a long bracket order according to predefined rules.
- I am not a discretionary technical analyst, so I rely on predefined setups rather than subjective chart analysis. I built the rules into a strategy to make the decision-making process more systematic.
🍀Process
Ticker:
STX Date: 19/10/2026
Timeframe: Daily
Direction: Long
Strategy: Reversal Strategy
Strategy Overview: Overview: A Reversal Strategy for Trading on the Daily Timeframe
Strategy Chart: Please refer to the 2nd screenshot
Signals
- Main signal: RSI Signals crossed above 30, indicating an exit from the oversold zone. This contributed a score of 0.5
- Confirmation signal: NATR Oscillator reached 85.65, exceeding the required threshold of 80. This contributed a score of 0.5
Signal Scoring
- Main signal score = 0.5
- Confirmation signal score = 0.5
- Long setup score = Main signal score + Confirmation signal score = 0.5 + 0.5 = 1.0
- Long score threshold: 1.0
- The long setup score met the required threshold. The strategy therefore placed a long bracket order.
Risk Management
- Reward-to-risk ratio: 4:1
- Entry: 660.81 (the close of the setup candle)
- Stop distance: 206.96 (approximately 4x daily ATR)
- Target distance: 827.85 (approximately 16x daily ATR)
Order Management: Bracket order
- Limit entry: 660.81
- Market stop: 453.85
- Limit target: 1488.66
Baseline
- Assume the worst has already happened: the stop loss has been reached. Everything else is upside.
🍀Outcome
Trade Execution
- 19/10/2026: The daily candle closed, triggering the strategy to place a long bracket order.
Trade Status
- Trading: pending
P.S. I’m currently applying this strategy to the Nasdaq-100. Let me know which stock you’d like me to look at next.
Stay lucky!🍀
Trade active
🍀Outcome
Trade Execution
- 20/01/2026: Price reached the trigger level, and the long entry filled.
Trade Status
- Trading: active
Stay lucky!🍀
Trade closed: stop reached
🍀Outcome
Trade Execution
- 06/11/2026: Price reached the stop, closing the long position at -1R.
Trade Status
- Close: stop reached
Baseline trade!
Stay lucky!🍀
buymeacoffee: buymeacoffee.com/flukefluke_
Stay lucky!🍀
Stay lucky!🍀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
buymeacoffee: buymeacoffee.com/flukefluke_
Stay lucky!🍀
Stay lucky!🍀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.