FXI Long
Monthly Demand Zone (19-24)
Weekly RSI below 30, and divergence
Entry 24.6
Stop 19
Target 33, 41
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Weekly RSI below 30, and divergence
Entry 24.6
Stop 19
Target 33, 41
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Trade active
Buy 2023 March C25 Limit 1.92Sell 2023 March P20 Limit 0.82x2
Total cost 0.3
Total Delta 0.9
Stop below 19 in this option
Trade active
Sell 2023 March C30 Limit 1.00BuytoClose P20 Limit 0.48x2 -- win 0.76
Hold Mar 2023 call spread C25/30. Current total cost: 1.92-1-0.76=0.12.
Trade closed: target reached
close 4.18, winner
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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.