12106 Triangle breakout possible under watch
Trade thesis
a) Triangle breakout possible for upside and entry above 346 and for safety day closing above 346 is long
b Indicator above to give buy signal
c) vwap support, if it closes above 346
d) bear volume not significant compared to bull volume
e) SL compulsory
f) Above closed 346 triggers weekly breakout
Mindset requirements
a) You cannot be wrong all the time
b) Discipline enhancement and acceptance of results is the standard criteria for successful trader
c) Result of the trade will not induce any emotions, if the position sizing and risk management is within the defined risk per trade.
d) Focus on process and not on results.
a) Triangle breakout possible for upside and entry above 346 and for safety day closing above 346 is long
b Indicator above to give buy signal
c) vwap support, if it closes above 346
d) bear volume not significant compared to bull volume
e) SL compulsory
f) Above closed 346 triggers weekly breakout
Mindset requirements
a) You cannot be wrong all the time
b) Discipline enhancement and acceptance of results is the standard criteria for successful trader
c) Result of the trade will not induce any emotions, if the position sizing and risk management is within the defined risk per trade.
d) Focus on process and not on results.
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