PlanTradePlanMM

XLF to Long, in Uptrend , Triangle consolidation

Длинная
PlanTradePlanMM Обновлено   
AMEX:XLF   SPDR Select Sector Fund - Financial
Condition:
1. Downtrend line was broken by breakaway Gap (G1).
Start a new trend.
2. Weekly demand zone confirmed. (07/01/2016)
3. Triangle consolidation, near the uptrend line.

Entry in side Triangle: below 21;
or buy at next open if Gap breaks the Triangle downtrend line (G2)
Stop: 20.5
Target1: 24; risk/reward=1:6
Target2: 25; risk/reward=1:8

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.
Сделка активна:
In my real trade, I bought FAZ Jun P26, limit 2.8; No stop.
FAZ is (-3x) of XLF. FAZ is 37 now.
If XLF will go up 20%, FAZ will go down 60% to be under 15.
If there is a Gap(G2) up, prepare to sell P21 limit 2.8. Remove the risk.
Сделка активна:
One more order filled: FAZ Jun P23, limit 1.71
Сделка закрыта: достигнута тейк-профит цена:
This is a big winner
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