A momentum breakout strategy designed to capture short-term trends.
If prices can break above short-term resistance @ 0.4897, we should see higher prices.
Buy Stop @ 0.4897
Stop Loss @ 0.2375
If orders are not filled, cancel orders at the end of today's trading session.
Cut losses early, let profits run!
Never risk more than you can lose.
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Legend:
RLevel:= Resistance Level (Blue Line)
SLevel := Support Level (Red Line)
Entry Rules:
1. Place a Buy Stop at the RLevel.
2. If Buy Stop is filled, place Stop Loss at the SLevel.
3. If orders are not filled, cancel orders at the end of today's trading session.
Exit Rules:
1. At the end of the today's trading session, adjust Stop Loss to current SLevel.
If prices can break above short-term resistance @ 0.4897, we should see higher prices.
Buy Stop @ 0.4897
Stop Loss @ 0.2375
If orders are not filled, cancel orders at the end of today's trading session.
Cut losses early, let profits run!
Never risk more than you can lose.
-------------------------------------------------------------------------------------------------------------------
Legend:
RLevel:= Resistance Level (Blue Line)
SLevel := Support Level (Red Line)
Entry Rules:
1. Place a Buy Stop at the RLevel.
2. If Buy Stop is filled, place Stop Loss at the SLevel.
3. If orders are not filled, cancel orders at the end of today's trading session.
Exit Rules:
1. At the end of the today's trading session, adjust Stop Loss to current SLevel.