gb50k
Long

Tradingview Chat Index - "5 in 50" -Buy signals (YHOO)

NASDAQ:YHOO   YHOO
26 2 1
When 5 or more experienced traders say "wow", "OMG" or equivalent about a tanking asset, and do so within 50 seconds of each other, the smart money is likely out and the asset is likely (>50%) to bounce.

The System:
- when you see 5 in 50sec - buy small position @ market.
- speed is crucial - do not check chart
- after purchase, check chart - if its bounced, exit at small loss
- if no-bounce set stops and take profit ASAP             .
What indicator are you using there?
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Half humor, half truth about over-reaction
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