Category: Price Action

So I’ve not posted the last few days because I spent time analysing my past practice results. Risk Reward Ratio First off, analysed the optimal risk reward ratio based on my practice results. I recorded the best risk reward ratio achieved on each profitable trade until an ATR stop loss is breached. The ATR stop…

Ticker: CVX Date Trade Quantity Entry Stop Loss Profit Target Reason Result Remarks 6 Apr 10 Buy 1 77.95 74.98 80.92 Momentum trade Profit after 8 days 2 Sep 10 Buy 1 77.11 72.47 81.75 Breakout from horizontal consolidation Profit after 20 days 11 Nov 10 Buy 1 85.42 81.81 89.03 Breakout from pullback Loss…

I didn’t do any chart reading practice today, at least not ‘officially’. I did do a few playbacks on Amibroker, trying to absorb price action subconsciously, see if I can spot any pattern. Not much luck. Spent some time reading “100 baggers” by Christopher Mayer. Also watched some Al Brook’s free training videos. https://www.brookstradingcourse.com/free-sample-price-action-trading-videos/ In…

Date Trade Quantity Entry Stop Loss Profit Target Reason Result Remarks 24 Jul 14 Buy 1 25.245 24.34 26.15 Breakout from pullback Loss after 9 days Stopped out by less than 5 cents 10 Oct 14 Buy 1 27.165 25.54 28.79 Breakout from horizontal consolidation Loss after 4 days Stopped out by 12 cents. 8…

Symbol: KR Date Trade Quantity Entry Stop Loss Profit Target Reason Result Remarks 17 Feb 10 Buy 1 11.03 10.455 11.605 Pullback after breakout Profit after 40 days 13 days if exit NEAR PT 29 Apr 10 Sell 1 11.18 11.895 10.465 M reversal Profit after 17 days 4 Jun 10 Sell 1 9.58 10.25…