Xero long

-3 Week flag
-2 year+ parabolic advance indicating strong trend
-Bollinger band squeeze on the daily
-Measured move 56.32 for a solid risk reward
-Similar characteristics to the RMD trade I had last month

30 basis points planned
Happy to have a buy stop order in the market during the day

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Stop buy order @ 46.90
SL @ 45.78
TP @ 56.17

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Order tweaked
Buy stop @ 46.91
SL @ 45.99
TP @ 56.17

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Disregard. Original order

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Perhaps we will have to wait for $45 support

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Risk adjusted stop brought down to low of day 45.32

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Order cancelled for now.
I wouldnt be suprised if we break out tomorrow

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Will go long into the closing bell if we breakout with a stop at the low of the day or the previous day

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Orders in

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Orders pulled for now. Unable to effectively bracket orders at this point

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Have lost interest. No matter how its drawn, is a break of parabolic trend which rarely ends without a 60-80% retracement with a good slug of volume and a bearish engulfing candle

TomKirk

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TomKirk