*Missed the trade by 2.25 points ( 9 ticks)
The entry of 2583.75 is based on the previous day close of the 200 SMA
Stop loss is 2 ATR from the entry.
Profit target #1 is 2 ATR from the entry, giving you a reward to risk ratio of 1:1.
Trading Plan:
1. Set Stop loss (2491.25)
2. Sell half at Profit target #1 (2676.25)
3. Once Profit target #1 hit, shift stop loss to 1 ATR above your entry.(2630.00)
4. Sell the remaining half at the resistance. (2718.00)
(Closing of the red candle on 21 March 2018)
The entry of 2583.75 is based on the previous day close of the 200 SMA
Stop loss is 2 ATR from the entry.
Profit target #1 is 2 ATR from the entry, giving you a reward to risk ratio of 1:1.
Trading Plan:
1. Set Stop loss (2491.25)
2. Sell half at Profit target #1 (2676.25)
3. Once Profit target #1 hit, shift stop loss to 1 ATR above your entry.(2630.00)
4. Sell the remaining half at the resistance. (2718.00)
(Closing of the red candle on 21 March 2018)