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.
So...
Here's why I'm picking this symbol to do the thing.
Price at or near top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive
Price at or near Fibonacci level
Buying a put if price reaches $85
Target is $75 or channel bottom
Stop loss is TBD
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.
So...
Here's why I'm picking this symbol to do the thing.
Price at or near top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive
Price at or near Fibonacci level
Buying a put if price reaches $85
Target is $75 or channel bottom
Stop loss is TBD
Note
$85 tagged. Go down now!Trade closed: target reached
Target hit! SUCCESS!
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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.