My "3 PUSH" trading system netted a 43% profit on AMC!!
Traders,
I wish I could have taken this trade if I would have had my "3 PUSH" trading system already up and going at that time. This would have been CRAZY gains on a short trade!!!
The trading method is super easy. Profitable. Has clearly defined stop losses and take profit points. Works on just about any timeframe. Great system for scalp plays also. No other indicator required besides ATR (average true range) to figure out stop loss. Works on ranging and trending markets both.
I have some videos tutorials in my profile...
Very short rundown of it:
1) Make sure price sets up a high/low trading range (it's typically better the more mature the trading range is).
2) Find the 50% fib retracement between the high and low.
3) Take a short position if the 3 pushes happen underneath the 50% fib, and a long position if we get the 3 pushes above it. (in AMC's case, the 3 pushes happened below the 50 fib, thus a short position was entered).
4) Entry point is below the LOW swing (for a short) and the HIGH swing (for a long entry) between push 2 and 3. YOU WILL ONLY ENTER A POSITION BASED ON THE 3 PUSH SYSTEM IF, AND ONLY IF, THE DRIVES ACTUALLY HIT THE 50% FIB 3 TIMES. DO NOT ENTER IF THAT 50% DOES NOT TOUCH THE 3RD TIME - EVEN IF IT JUST COMES CLOSE TO IT!
5) Stop loss is from your entry point to the previous high or low swing the opposite way *PLUS* the ATR calculation. BE CAREFUL - NOT ALL SETUPS ARE WORTH THE RISK (look at my video tutorials)
6) First take profit target is just below the high or low of your entire trading range. Take profit target #2 is outside of the trading range NEAR the next resistance or support zone (depending on short or long position).
7) If you need a stop loss target for your take profit #2 (in case the price never makes it out of the range) It will be just below the swing high (in a short position) or swing low (in a long position).
These are just the basics. There are additional trade setups that can help you be extra profitable with this system!
I wish I could have taken this trade if I would have had my "3 PUSH" trading system already up and going at that time. This would have been CRAZY gains on a short trade!!!
The trading method is super easy. Profitable. Has clearly defined stop losses and take profit points. Works on just about any timeframe. Great system for scalp plays also. No other indicator required besides ATR (average true range) to figure out stop loss. Works on ranging and trending markets both.
I have some videos tutorials in my profile...
Very short rundown of it:
1) Make sure price sets up a high/low trading range (it's typically better the more mature the trading range is).
2) Find the 50% fib retracement between the high and low.
3) Take a short position if the 3 pushes happen underneath the 50% fib, and a long position if we get the 3 pushes above it. (in AMC's case, the 3 pushes happened below the 50 fib, thus a short position was entered).
4) Entry point is below the LOW swing (for a short) and the HIGH swing (for a long entry) between push 2 and 3. YOU WILL ONLY ENTER A POSITION BASED ON THE 3 PUSH SYSTEM IF, AND ONLY IF, THE DRIVES ACTUALLY HIT THE 50% FIB 3 TIMES. DO NOT ENTER IF THAT 50% DOES NOT TOUCH THE 3RD TIME - EVEN IF IT JUST COMES CLOSE TO IT!
5) Stop loss is from your entry point to the previous high or low swing the opposite way *PLUS* the ATR calculation. BE CAREFUL - NOT ALL SETUPS ARE WORTH THE RISK (look at my video tutorials)
6) First take profit target is just below the high or low of your entire trading range. Take profit target #2 is outside of the trading range NEAR the next resistance or support zone (depending on short or long position).
7) If you need a stop loss target for your take profit #2 (in case the price never makes it out of the range) It will be just below the swing high (in a short position) or swing low (in a long position).
These are just the basics. There are additional trade setups that can help you be extra profitable with this system!
Comment:
A larger view of my chart so you guys can see where I found my take profit target #2:
