CME prepare to Long, double bottom updated plan

24 Mar 2020

Replace yesterday's CME plan by this.
Existing condition:
1. Weekly demand zone confirmed
2. 60 min Chart double bottom formed

Plan A: If open near today's close
Buy below 142
Stop: 131
target: 185
Risk/reward=1:4

Plan B: If open Gap up (G1) break trendline
Buy at open (Better under 150)
Stop: 143 -- If it is breakaway Gap, it should not pull back under the trendline.
target: 185
Risk/reward=1:5

This stock is not good in Option: Bid/ask too big.

This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.

Sum of my ideas: 1 winner, 1 loser, 4 active, 8 cancelled, 3 pending for condition, 1 analysis only.

9 Haz 2020

İşlem kapandı: hedefe ulaştı

I didn't take this trade. Analysis only.