Long
2019-06-10 AVLR Continuation Buy
Market: strong up trend (short term)
Sector: stage 2
Stock: above rising 30W/D/H EMA, stock about to break the consolidation range. No overhead resistance ( near all time high)
If we buy at weekly and daily chart, the stop loss would be too large. So we zoom to 1 hour chart and buy if the price break last friday's high, and stop loss would be under 20EMA.
Buy Point: break above 74.15
20 ATR: 1.2(h), 3.24(d)
Stop loss: 70.51 (20EMA) about 3 ATR
First Target: 84
Reward/Risk Ratio: 10/3.64=2.7
Total Capital: 17000
Shares to buy:17000x1%/3.64=46
Since the market is pretty good in last week, let's buy 50 shares. which make total risk is more than 1% of capital.
Sector: stage 2
Stock: above rising 30W/D/H EMA, stock about to break the consolidation range. No overhead resistance ( near all time high)
If we buy at weekly and daily chart, the stop loss would be too large. So we zoom to 1 hour chart and buy if the price break last friday's high, and stop loss would be under 20EMA.
Buy Point: break above 74.15
20 ATR: 1.2(h), 3.24(d)
Stop loss: 70.51 (20EMA) about 3 ATR
First Target: 84
Reward/Risk Ratio: 10/3.64=2.7
Total Capital: 17000
Shares to buy:17000x1%/3.64=46
Since the market is pretty good in last week, let's buy 50 shares. which make total risk is more than 1% of capital.
Note
This is a lost trade it turned outTrade closed: stop reached
Stop set too tight
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.