ES 200 SMA LONG (2018) Part 3

*Missed the trade by 2.25 points ( 9 ticks)

The entry of 2583.75 is based on the previous day close of the 200 SMA
Stop loss is 2 ATR from the entry.
Profit target #1 is 2 ATR from the entry, giving you a reward to risk ratio of 1:1.

Trading Plan:
1. Set Stop loss (2491.25)
2. Sell half at Profit target #1 (2676.25)
3. Once Profit target #1 hit, shift stop loss to 1 ATR above your entry.(2630.00)
4. Sell the remaining half at the resistance. (2718.00)
(Closing of the red candle on 21 March 2018)
200smaMoving AveragesSupport and ResistanceTrading Plan

Aviso legal