STOCKS MIND: FOR PATIENT ONLY, STRATEGIES THAT GIVE 50%-200% A YEAR In order to earn and grow the investment/trading, every trader needs to plan a good strategy and technique. "good" here means conditions that provide high opportunities based on fundamentals and technicals. Fundamental knowledge mixed with technical analysis will provide very significant input...
When the price is near the SnR it is where get it will get tricky...either the price want to continue the trend or reverse? The false breakout strategy : 1. Timeframe 15min 2. Identify strong valid SnR 3. Draw the zone by pick the wick and the neck. 4. If price breakout and 2nd CS close inside the zone, it is a false breakout and entry position after 2nd CS...
Setup for Intraday : 1. Price near/ cross EMA200 2. Understand market structure either uptrend/downtrend/consolidation to be able to determine the SnR for the breakout. 3. Market trending confirmation by EMA14, EMA50, and EMA200. 4. Wait for a pullback when stochastic oversold/bought. 5. Make sure price reverse at least 3 candlesticks. 6. Entry when price pullback...