PlanTradePlanMM

XOP Long, Using "MM_SMA_Swing" to find trading opportunity

Lång
AMEX:XOP   SPDR S&P Oil & Gas Explor & Product
Add "MM_SMA_Swing" with input: Show SMA(50), Div (2.5%)
Drew trend lines, Verify the price action:
1. Wedge breakout to up side,
2. Pull back to re-test the trend line

Entry: 51
Stop: 49; when trend line break
Target: 57; risk/reward=1:3

This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Handel aktiv:
SellToOpen Jun 45 Put, limit 0.67;
(delta = -0.15, Theta= -0.04, 21 days left, today is Friday)
Option Stop below 48.

From now on, I will begin to use my drawing tools in trading plan.
Even though, These studies show high winning ratio in back testing mathematically. I don't trust it yet.
I need to use them in real trade, to improve my skills as these studies designed.
In this trade, I sold the put far below the stop. I just want to test how it works.
Kommentera:
For unknown reason, it didn't show the link to this script, add it:
Trade stängt manuellt:
Closed P45, limit 0.38, Quick and win 40% ( 0.29/0.67)
Just to prove concept.
Frånsägelse av ansvar

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