Day Trader’s Aftermarket Lounge 2 Dec 2020, page-66

  1. 45,252 Posts.
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    @Learningthegame Just a little trade planning might get these moving for you. You can just fit a trade in on WWI but in future buy lower down the supply demand curve. If you want 1:3 Risk/Reward make sure the chart is offering 1:4 or 1:5 Risk/Rewardhttps://hotcopper.com.au/data/attachments/2702/2702695-871e41783da9163c165c1b08ba24abf8.jpg
    Buy order 7.5 cents
    Stop 6.6cents
    1XRisk=1R=7.5-6.6=0.9cents
    Profit Margin = 3R=3X0.9=2.7cents
    Sellorder=Buy Order + Profit margin =7.5+2.7=10.2cents
    Risk/Reward 1:3
    https://hotcopper.com.au/data/attachments/2702/2702699-c345c9b688eef52a4ba23e62c9997e48.jpg
    SPQ Buy 1.6cents
    stop 1.4 cents
    1XRisk=1.6-1.4=0.2 cents
    Profit margin= 3R=3x0.2=0.6 cents
    Sell order = Buy order+profit margin=1.6+0.6 = 2.2 cents
    Risk/Reward 1:3
    IMU 12.5 this one is far too far up the supply/demand curve and almost at a supply level where it is expected price will turn lower.. Try and buy shares where the 8ema has just crossed over the 50sma.
    https://hotcopper.com.au/data/attachments/2702/2702704-36220e3be4afb731998a855957cd9738.jpg

    NRX 14 is a dreadful chart with a very poor Risk/Reward. The profit margin is the gap between the demand level and the supply level and this one does not pass the test of offering the 1:3 risk reward needed for a successful trade. The chart offers a little over 1:1 Risk:Reward -no where near good enough.
    https://hotcopper.com.au/data/attachments/2702/2702715-5f02a7665950bb16a82cfac198e3638c.jpg


 
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