On my watch

تم تحديثه
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.

Keeping the stock on radar for breakout of 167 level. May go for measured move, i.e. doubling the trading range. will take entry once 167 (CAP) is taken out decisively and price action demonstrate higher low afterwards.
Upward pushing is visible, probability w.r.t upward bias is more.

Trade Plan:
First entry after breakout of 167 - one lot (aggressive entry)
Stop loss below CAP (164)
Second entry after upward price action (break of prior swing high) - one lot (conservative entry)
Stop loss below CAP.
1st Target 174
2nd Target 182


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.
تم فتح الصفقة
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first entry taken, waiting for second entry. stop loss level as per chart
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SL hunting
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أغلقت الصفقة: تم الوصول لوقف الخسارة
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Holding gains and absorption of supply
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161 coming
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Second time roof has collapsed in reaction leg of a weak action leg. This reaction leg should at least go to equalize previous reaction leg till selling zone to give appearance of a range 140-133
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So far so good
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ACTION LEG
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weak reaction leg. Possibility of measured move for flag and pole if breakout of downward red channel
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160 coming?
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Formation of energy coil near resistance zone
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Pole and flag measured move is over
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To every action there is equal and opposite reaction.
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New Range 152 to 177
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back on roller track
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In this range or not.
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Flag and pole breakout, if happen may open 175-180 targets.
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First it must complete its movement in range and then pole and flag breakout measured move.
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Reversal on cards
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No change in view; to every action there is equal and opposite reaction
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Trend Analysis

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