PB&J - Short Trade Examples
- After an SMA 10 / EMA 30 Dead Cross, the time frame can be viewed from a short perspective, especially so when the market is in a down trend. I published a Weekly analysis of Bitcoin suggesting prices falling into $50,200 and $45,600. While I have long trades open at these locations, I took this opportunity to look for short opportunities on the 4H time frame, and this highlights the Nison PB&J strategy perfectly.
- Wait for a pull up into the sweet spot between the moving averages. Wait for a bearish reversal candlestick pattern to close(!) and Western technical confirmation before opening a short trade. If the candle closes as a High Wave, Doji, or Pivot High, consider placing a short trade with a stop loss above the pattern high with a profit target of a recent swing low.
- You can take profit in whichever way you want, selling a percentage of your position at your target and letting the rest ride, perhaps with a trailing stop.
PB&J is a brilliant strategy and with expert knowledge about candlestick analysis you can make a ton of money. If you haven't learned your candlestick analysis from Steve Nison - you've learned second-hand garbage which will cost you money. Follow the white rabbit.
- After an SMA 10 / EMA 30 Dead Cross, the time frame can be viewed from a short perspective, especially so when the market is in a down trend. I published a Weekly analysis of Bitcoin suggesting prices falling into $50,200 and $45,600. While I have long trades open at these locations, I took this opportunity to look for short opportunities on the 4H time frame, and this highlights the Nison PB&J strategy perfectly.
- Wait for a pull up into the sweet spot between the moving averages. Wait for a bearish reversal candlestick pattern to close(!) and Western technical confirmation before opening a short trade. If the candle closes as a High Wave, Doji, or Pivot High, consider placing a short trade with a stop loss above the pattern high with a profit target of a recent swing low.
- You can take profit in whichever way you want, selling a percentage of your position at your target and letting the rest ride, perhaps with a trailing stop.
PB&J is a brilliant strategy and with expert knowledge about candlestick analysis you can make a ton of money. If you haven't learned your candlestick analysis from Steve Nison - you've learned second-hand garbage which will cost you money. Follow the white rabbit.
