15 min resistance with a 4 points SL target of 100 points. The R-R is always low in my trades.
Comment:
TARGET 1 DONE
Comment:
Trade still continues and this is a no loss trade as of now, this is just another 2-3 months ahead PE option. Keep trailing SL is what I am learning from this trade. I usually trade 1 min frame so a larger frame need patience which I am being tested in this trade.
Entry was @958, current price is @435 so my SL is @ 945 which will end up in profit.
Entry was @958, current price is @435 so my SL is @ 945 which will end up in profit.
Trade active:
Price has reached 4.5% in profit as of now and yet no sign of reversal. Total target is 8% will keep trailing/adding winning positions into this trade.
Comment:
Price is stuck within range for now however this is a no loss strategy with already 4% profit in PE would buy OTM CE for myself in this case at EOD if there just to protect my profits & avoid losses. If the trade goes to 8% profit by this or next month I will hedge this & take good points :)
Trade closed: target reached:
closing trade in good profit