BAX - flag pattern, volatility contraction

15 апр. 2021 г.

BAX
Interesting setup in BAX - it was in a huge long-term downtrend that was broken in the second part of March. It's now digesting recent gains. The volatility is contracting, so it is slowly accumulating power for the next move. My plan is to go long when the price gets above the recent high VWAP with the stop loss below Tuesday's low (13 Apr), when it opened with a gap down, but it was immediately bought. To be precise about the stop loss, I would set it 1,5 ATR (on the 15M timeframe) below that low.

15 апр. 2021 г.

Заметка

R3 reached, took partial profit, moving SL below today's low.

15 апр. 2021 г.

Заметка

Reached recent high. I want to sell breakouts, so I'm taking another partial profit. 1/3 of a position left. Will try to ride as long as I can until I'm stopped out.

15 апр. 2021 г.

Сделка активна

<forgot to change the status to active>

19 апр. 2021 г.

Сделка закрыта: достигнута стоп-лосс цена

stopped out below today's first candle low (5min TF) - at 86.16