FullTimeTrader
Long

NRG-false break strategy

BATS:NRG   NRG ENERGY INC
68 0 1
This strategy is said to be very reliable, specially on higher timesframes (D1 and more).
Weekly chart analisis:
snapshot


Here is the textbook theory:
1) Prices is on clear downtrend
2) Prices breaks an important area of S/R and retraces inmediately (within 3 candles)
3) There is divergence on histogram and moving averages on MACD
4) Risk/Reward ratio: at least 1 to 2

Here we have also an inverse head and shoulders pattern
Lets see what happens
Best Regards
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out