2X Bracket Order

1. Break even order then 2. for CAM R3 target.

Comentário:

Point of 1st bracket is to break even and close half. If the second order gets stopped out at most you break even on the entire setup.

The first trade target is the previous day's close. The second trade target is CAM R3 Daily Pivot.

Comentário:

Maximum Loss: 46 pips from both orders stopped out.
Break Even: Order 1 fills limit at previous day's close, order 2 is stopped out.
Maximum Gain: 76 pips both orders limit fill.

Comentário:

Broke through R3 Daily bigly... still lots of negative momentum on 4HR to get through. Next trade today if it works out is a CAM R3 backtest... but only if it breaks through CAM R4 first.

Comentário:

The bigger R3 line target is CAM Weekly R3, so we are just moving through the daily and then weekly targets after being range bound for 3 sessions. We are still range bound on 1 HR and 4HR.