MRK Long, 60M Demand Zone
Updated
The Highlighted Area had been traded many times.
Buy orders and Sell orders had been filled by each other.
Once demand zone got confirmed,
This area will be treated as GAP.
Earning will not affect this trade.
Entry: 74.5 (Below 75)
Stop: 72.8; Below Demand zone
Target: 82; risk/reward=1:4
This is a trading school homework. I need few 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.
Buy orders and Sell orders had been filled by each other.
Once demand zone got confirmed,
This area will be treated as GAP.
Earning will not affect this trade.
Entry: 74.5 (Below 75)
Stop: 72.8; Below Demand zone
Target: 82; risk/reward=1:4
This is a trading school homework. I need few 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.
Trade active
BuyToOpen Aug C77.5 Limit 2.73Stop Below 73.
Also it will be stopped by time, if it could not go up this week.
Trade active
Sell Aug C82.5 Limit 1.55, Hold C77.5/82.5 with Risk 1.18/3.82=1:3;
That is good now. risk is reduced, No stop needed.
Till now, it is a small winner.
Trade closed: target reached
closed
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