Status: Just Entered. Managing
TRADE SETUP (EXECUTION FIRST)
- Entry Zone / Trigger:76.68 – 82.78 HTF demand reaction(Trade exists only because price tagged demand — no chasing)
- Stop / Invalidation:Acceptance below 76.68 (HTF demand failure)
- Initial Targets:T1: 98T2: 110
- Order Type:Limit entry at demand reaction
- Risk / Size Guidance:Max 0.5–1R risk(If you normally risk $100 per trade, this is a $50–$100 risk idea)
MANAGEMENT PLAN (IF → THEN RULES)
- IF entry fills → THEN no changes unless stop or structure breaks.
- IF stop is hit → THEN trade is closed. No re-entry without a new plan.
- IF price reaches 98 (T1) → THEN take partial and reduce risk (BE or structure).
- IF price reaches 110 (T2) → THEN manage remainder or close based on momentum.
- IF price accepts below HTF demand → THEN thesis is invalidated.
CONTEXT & THESIS (OPTIONAL READ)
- Structure:Pullback into higher-timeframe demand within the software sector after heavy downside expansion.
- Level Logic:Demand previously acted as a base where buyers stepped in. Current reaction confirms participation.
- Why This Works:Trading IGV instead of individual software names lowers:
- Invalidation Beyond Stop: Sustained acceptance below HTF demand signals structural failure.
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