IBM to Long, after V breakout and re-test

26 Mar 2020

Existing Condition:
1. in 60 min, down trendline break by breakaway Gap (G1)
2. Breakout V reversal pattern
3. Re-test the 60 min demand zone.

Entry at demand zone: 107
Stop below this zone: 102
Target1: 124; risk/reward=1:3
Target2: 135, risk/reward=1:5


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.

In my real trade, I use options. I bought Jun 130 Call, limit 1.3. Do not need stop.

Sum of my ideas:
5 active, 7 winner, 1 loser, 0 pending for condition;
4 analysis only, 8 cancelled;

26 Mar 2020

İşlem aktif

I bought Jun 130 Call, limit 1.3. Do not need stop.

26 Mar 2020

İşlem elle kapatılmış

I sold C135 limit 1.1. risk 0.2 to hold C130/135.
This is a winner.

26 May 2020

İşlem aktif

Today, IBM break a major down trend line by Gap up
BuyToClose Jun C135 limit 0.2

9 Haz 2020

İşlem kapandı: hedefe ulaştı

This is a winner