Wait for PA to pullback to VWAP after recent advance (100). VWAP may provide a good entry for a swing to TP2. Good risk to reward, stop just below lower band (light blue) loss = 1% of acct. 30% profit taking at TP1, exit at TP2 or if PA closes under TP1 after hitting TP1.
Trade active
Update: Today's close at 98.89 just above the vwap. Going to start building a position on this reclaim. SL at close below 93, 5%. Remember, 5% should = no more than 1-2% of entire trade acct. That ll keep your acct alive, so long as R:R is reasonably 2:1, you'll come out ahead over the long run, even if you have a string of losses. NFANote
Hit TP1 (106) Thursday, offloaded 50% at 7% gain. Stop moved to entry, watching TP2Trade closed: target reached
Trailing stop here, hit 117 which is close enough to TP2, up 20% since entry
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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.