Please let me know if you have a simply strategy to short.
All major downmoves (on S&P 500, crude oil, gold or cocoa) had this pattern in the past:
market trade below 18 moving averag
then rally to prior week 50% then major downmove.
But how to avoid entering a systematic trade when market is already at the bottom?
well i dont trade short if there is a blue pin bar on the prior two days as this usually signals a recovery.
All major downmoves (on S&P 500, crude oil, gold or cocoa) had this pattern in the past:
market trade below 18 moving averag
then rally to prior week 50% then major downmove.
But how to avoid entering a systematic trade when market is already at the bottom?
well i dont trade short if there is a blue pin bar on the prior two days as this usually signals a recovery.