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 (periods 52 39 & 26)
Stochastic Momentum Index (SMI) near oversold level
VBSM popped negative
Price at near.618 and .5 Fibonacci level
In at $159.7
Target is $173 or channel top
Stop loss is $153
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 (periods 52 39 & 26)
Stochastic Momentum Index (SMI) near oversold level
VBSM popped negative
Price at near.618 and .5 Fibonacci level
In at $159.7
Target is $173 or channel top
Stop loss is $153
Trade closed: target reached
PROFIT! CLOSING POSITION AT $173.66
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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.