This is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.
it is long if cyan line is taken out; if market respects this resistance, it is short. point of decision is here.
DISCLAIMER: Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market. This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
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will this breakdown fail ? or is it test of the breakdown level
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Trade active
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created call credit spread for 375-385
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No change in view till CAP is intact
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Very strong move, exiting the credit spread.
Trade closed: stop reached
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Trade active
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Long till 390, stop loss below 385
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Long in green channel with stop loss below magenta line
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Nahin Tera Nasheman Qasr-e-Sultani Ke Gunbad Par Tu Shaheen Hai, Basera Kar Paharon Ki Chatanon Mein
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New channel
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Short opportunity
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Trade closed: target reached
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Done
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Another short opportunity; stop loss above magenta line