LPG - Dec 24 100SMA StrongWeak Bounce

11 de dez. de 2024

• Opening h1 candle closed wish strong bullish rejection. Entered trade within Stdev
  
• Sector: Chemical Transport and Products
  
• Revenue has be dropping Q/Q but QoQ it has increased. This is similar to the EPS
  
• Short Interest: 4.34%
  
• ADR 3.05%
  
• Does it respect the H1 100SMA (Min 3Months): Yes
  
• Is it a Hype Thematic (AI, Solar): No but this is a cyclical sector. I noticed a number of other shipping companies are facing similar bearishness. So this softness might be part of the cyclical phase.
  
• Also with potential increase in tariffs with China, there should be some expected slow down in demand. China has also focused on removing external reliance and that is also bad for tankers.
  
• - 11 Nov seekingalpha.com/news/4274788-shipping-markets-hit-ytd-lows-led-by-tankers-and-gas-carriers-clarksons

• 100SMA StrongWeak Bounce 🏀 (0.5R) v1.0
• Trading risk at 0.5R as we are testing this strategy
  
• This trade model is based on us riding the 100SMA trend waves of the strongest and weakest companies. It only executes well when greater force (RUT & SPX) is trending. Entries are at greater force key levels when it is consolidating. When greater force is taking off it is too late.
  
• Entry
  
• Within Stdev 100 zone
  
• SL = ATR14 * 2 (Run full course no early exits)
  
• Trailing stop (Previous Day Low or high)
  
• Price launch off (D1)
  
• D2 Closes
  
• D3 Move SL to D2 Low
  

13 de dez. de 2024

Trade ativo

Scaling 0.62R from unused risk. Calculated the risk using the same SL as the parent trade

19 de dez. de 2024

Trade fechado manualmente

Bad Trade Exit
I should not have removed my trailing SL because I thought it was too close to the opening price. This could have been a bigger win