PlanTradePlanMM

AAL Long, demand zone confirmed and Breakaway Gap

Viés de alta
NASDAQ:AAL   American Airlines Group, Inc.
Condition:
1. False breakout stopped most of the positions bought in the demand zone.
1.1 After big down move
1.2 consolidation in Demand
1.3 Break through the Demand
1.4 One bar down, next bar up, back to the demand zone.
1.5 Higher than previous high

2. Breakaway Gap (G1), down trend line break.

Earning Date: 7/30/2020. It will not affect this trading plan.
Estimate: Demand zone at $9 could be hold.

Entry: 9.5
Stop: 9
Target: 12; risk/reward=1:5

This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Trade ativo:
After big down move, IV is very high.
I Sold Jun 8.5 Put, limit 1.11;
Option Stop below 8.5.
Trade fechado manualmente:
BuyToClose P8.5 Limit 0.7, win 0.41 in one day.
This is quick winner.
Aviso legal

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