Torrent pharma: Trade setup for 8th July 2020
Updated
Stock approaching support zones
Buy: 2280-2300
Stop: 2230
Wait for price action to confirm.
Incase of gap up wait for price to retrace/ Incase of gap down as long as 2230 is not breached can initiate longs.
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Fundamental truth of the markets
1. Any thing can happen
2. Every moment is unique
3. I don't need to know what the market is going to do next to make money
4. You'r edge is defined over a series of trades not on a trade on trade basis
---------- Mark Douglas
Buy: 2280-2300
Stop: 2230
Wait for price action to confirm.
Incase of gap up wait for price to retrace/ Incase of gap down as long as 2230 is not breached can initiate longs.
***************
Fundamental truth of the markets
1. Any thing can happen
2. Every moment is unique
3. I don't need to know what the market is going to do next to make money
4. You'r edge is defined over a series of trades not on a trade on trade basis
---------- Mark Douglas
Trade active
Long @ 2360Stop @ 2230
Trade closed: target reached
Long Exit @ 2400
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