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Alex_Quiroga
Mar 15, 2018 12:15 AM

A trend with Moving Averages Long

POSCO Holdings Inc.NYSE

Description

For trends I use moving averages with my personal setup (nothing special)
between the red line and the blue line is the dynamic support area (Red arrows)
I recommend must wait for the retracement to this zone for a better entry,
I do not use a mechanical system with Indicators and Oscillators, the methodology is discretionary
this gives me freedom to expose my idea, and also allows that different type of traders adopt the idea and use they own system
So, I use dynamic support areas (Red Arrows) combined with the concept of resistance becomes support (Red Horizontal Line)

Comment

Industry: Basic Materials
Sector: Steel & Iron

Trade closed: stop reached

Simply not worked
stop loss
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