WEAT - Massive double top short opportunity using wheat etf
Double top
Volume profile showing a lot of supply
Seasonal data favors downside until mid September
Plan your trades before executing the trade. How much are you willing to bet? Where will you get out? How will you lock in profits?
Risk: 60 bps
Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt)
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
Volume profile showing a lot of supply
Seasonal data favors downside until mid September
Plan your trades before executing the trade. How much are you willing to bet? Where will you get out? How will you lock in profits?
Risk: 60 bps
Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt)
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
Note
Initiate profit protection and break-even point. You can use...1: Mark Minervini's back stop technique (not a trailing stop)
2: Peter Brandt's 3 day trailing stop technique
3: Your own
Trade active
Target met. Closed out 50%.
Initiate Peter Brandt's 3 day trailing stop on the remainder of position, which is now a free roll.
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.
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.