LYFT - Nov 24 Opening Sustainable Momentum
LYFT Grade B (6 Points) - Upgraded to A as pattern has strong recorded success
- Pure technical, not idea driven, stock fundamentals are aligned.
- Confluence in RUT & SPX direction
- Three Technical positioning
1. Price has returned above 100SMA
2. Momentum candle clears consolidation range
3. Trend continuation
- Risk & Reward, next high is 2.58R away
Opening Sustainable Momentum 🧑🏻🚀
Strategy
Signals identify market opening H1 candles through momentum and behaviour change that potentially could indicate a shift in the current price overall structure (Price gaps and ADR %).
Risk
We use the signal candle's highs and lows for entry and stop loss. If price hits the stop loss, it is clear that the shift we expected did not come to fruitation.
Current SL is at 0.25Fib
Focus
Focus is never on the signal candle alone, but it's role in the larger structure and the direction it is inclined towards with a minimum Risk & Reward of 2R.
Stock must be in a pull back or consolidation area waiting for a broad market momentum to ignite it forward.
Character
Trend, Positive Skew
- Pure technical, not idea driven, stock fundamentals are aligned.
- Confluence in RUT & SPX direction
- Three Technical positioning
1. Price has returned above 100SMA
2. Momentum candle clears consolidation range
3. Trend continuation
- Risk & Reward, next high is 2.58R away
Opening Sustainable Momentum 🧑🏻🚀
Strategy
Signals identify market opening H1 candles through momentum and behaviour change that potentially could indicate a shift in the current price overall structure (Price gaps and ADR %).
Risk
We use the signal candle's highs and lows for entry and stop loss. If price hits the stop loss, it is clear that the shift we expected did not come to fruitation.
Current SL is at 0.25Fib
Focus
Focus is never on the signal candle alone, but it's role in the larger structure and the direction it is inclined towards with a minimum Risk & Reward of 2R.
Stock must be in a pull back or consolidation area waiting for a broad market momentum to ignite it forward.
Character
Trend, Positive Skew
手動結束交易
27 Nov Exit
I knew this was an off entry with or entry in a consolidation zone. While I followed my exit plan, the H1 opening candle dropped -3.44% before my planned exit. As a precaution, since I was willing to close at any price, I should have placed a stop-limit order at the 0.75 Fib mark.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。