ONTRAK INC

Aug 14, 2020

OTRK
Guys, paper is for those who understand and know how to trade in false positives.


What's on the chart:
1. Strong level, formed by a gap + paranormal bar.
2. 25.6% movement passed without failures.
3. The approach to the level of the paranormal bar.
4. Formation of a false break-up by two bars with a bias into a long zone.

Scenario for today:
Entering with a gap from the level of 20-30 cents.
SL calculated, at 0.5% ATR.
Potential with first stop in the area of 55

Aug 16, 2020

Trade closed: target reached

That's how a false breakouts works. Despite the fact that the direction is determined correctly, I could not enter the trade. In my trading strategy the distance from the level to the Low was too big. Big risks in trading - this is not about me. I hope that some of you still managed to make money on this.