Trendline Break Setup (Paper trade)
Updated
*Not trading advice, entertainment purposes only, DYOR
Reasons for a trade:
1.) Putting in market structure at or below
78.6, off fibs from 3 most recent highs.
2.) Has W and working on confirmation of larger W
3.) Moving Average Convergence
4.) Put in market structure after break of 2
significant downward sloping trendlines
5.) Divergence in MACD
6.) Market structure and cross on the Willy coming out of oversold
7.) Market Structure on OBV w/MA cross
8.) Bears falling asleep
9.) Beautiful candle body that closed above VP POC
10.) 2:1 RR just above gap at top of most recent range
11.) 6.1:1 RR by a return and touch to 200MA.
12.) 10.2:1 RR by returning to Gann 50%
13.) Near Original breakout out levels from 1992, sheesh
Enter trade at check of top of double bottom $6.30
Set stop just below double bottom at $6.01
Sell 1/2 my position at 2:1 ($6.88) and move remaining to scratch.
use 3 highs/Lows method on remaining if PA continues to put in bullish market structure.
GE
Reasons for a trade:
1.) Putting in market structure at or below
78.6, off fibs from 3 most recent highs.
2.) Has W and working on confirmation of larger W
3.) Moving Average Convergence
4.) Put in market structure after break of 2
significant downward sloping trendlines
5.) Divergence in MACD
6.) Market structure and cross on the Willy coming out of oversold
7.) Market Structure on OBV w/MA cross
8.) Bears falling asleep
9.) Beautiful candle body that closed above VP POC
10.) 2:1 RR just above gap at top of most recent range
11.) 6.1:1 RR by a return and touch to 200MA.
12.) 10.2:1 RR by returning to Gann 50%
13.) Near Original breakout out levels from 1992, sheesh
Enter trade at check of top of double bottom $6.30
Set stop just below double bottom at $6.01
Sell 1/2 my position at 2:1 ($6.88) and move remaining to scratch.
use 3 highs/Lows method on remaining if PA continues to put in bullish market structure.
GETrade closed: target reached
Sold all at $7.06.
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