MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channel (period 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative
Impulse MACD is flat crossing over to the downside
Price at near Fibonacci level
In at $8.86
Target is $10 or channel top
Stop loss is $8.63
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channel (period 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative
Impulse MACD is flat crossing over to the downside
Price at near Fibonacci level
In at $8.86
Target is $10 or channel top
Stop loss is $8.63
Trade active
$9.75 is now the target, as channel has changed. Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.