BCHBNB - Nison: 20 SMA with RSI(5) - Change of Polarity
BCHBNB - Nison: 20 SMA with RSI(5) - Change of Polarity
- BCH has overcome Pivots P and pulled back to P after hitting R1.
- P shows a potential Change of Polarity (old resistance becoming new support).
- The pullback candle closed as a Piercing Pattern, setting horizontal resistance at the low of the pattern (1.8).
- The reversal came on a pullback to SMA 20 (Bollinger Basis).
- Nison 20 SMA with RSI(5) strategy wants RSI to close above 50, pull back, and find support. That will be a long entry signal.
SL: 1.795
T1: 2.175
T2: 2.42
T3: 2.8
RR: ~ 2.17, 4.21, 7.37
Additional Strategy:
Nison: EMA Crossover
- Wait for 4H EMA 5/8 Golden Cross on candle close.
- Set a buy order 2-5 ticks above the next Daily close which has a lower high.
- Trail buy order down until the trade executes.
- Close the trade 7 candles later, including the candle which triggered your entry.
- BCH has overcome Pivots P and pulled back to P after hitting R1.
- P shows a potential Change of Polarity (old resistance becoming new support).
- The pullback candle closed as a Piercing Pattern, setting horizontal resistance at the low of the pattern (1.8).
- The reversal came on a pullback to SMA 20 (Bollinger Basis).
- Nison 20 SMA with RSI(5) strategy wants RSI to close above 50, pull back, and find support. That will be a long entry signal.
SL: 1.795
T1: 2.175
T2: 2.42
T3: 2.8
RR: ~ 2.17, 4.21, 7.37
Additional Strategy:
Nison: EMA Crossover
- Wait for 4H EMA 5/8 Golden Cross on candle close.
- Set a buy order 2-5 ticks above the next Daily close which has a lower high.
- Trail buy order down until the trade executes.
- Close the trade 7 candles later, including the candle which triggered your entry.
Did you know that you can exploit a PB&J swing trading strategy within the PB&J Sweet Spot?
I decided that this trade was higher risk and merited RSI(5) confirmation before buying.
Price has not hit EMA 30, therefore the risk of further downward movement is increased.
Let's say you entered in the Sweetspot. Given Nison's candlestick trading strategy,
you would have set your SL exactly where we had: 1.795.
The Nison - Swing Shakeout strategy exploits the swing traders who entered too early.
When the price does not go in their favor, their SL are triggered, bringing prices down,
and activating short orders. When now price begins to rise, not only have you gotten rid of buyers,
but the short sellers SL above with shoot price up for you. Not a bad deal huh?