24 Oct 2019 - JSE:BVT - Long - Cup and Handle - MPT

I feel a little bit hesitant with this breakout but the boss (systems) says go.

Reason is... We've broken above the breakout brim level and have confirmed that what was a resistance is now a support level...

However, the previous trend was sideways which makes this trade a MPT (Medium Probability Trade).

I've gone long but instead of risking 2% of portfolio, I'm risking 1.5%.

Trade welll,

Timon Rossolimos
Founder, MATI Trader

Note

Picking up nicely... This is the point where I'd raise the stop loss in a way that should the trade turn against us, it would close for a gain rather than an unecessary loss.

Trade closed: target reached

We could see JSE:BVT move sideways / down a bit before further upside. WIll wait for the next pattern formation...

Timonrosso

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)

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Timonrosso

✅ Facebook:
facebook.com/groups/matitrader

🌐Website:
timonandmati.com

𝕏 (Formerly Twitter):
twitter.com/timonr

Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)

Also on: