I introduce the RENKO - RSI Merge feature. I am very happy about this as it solves draw down problems as well as sub-optimal entries after oversold or overbought conditions in a long/short trend.
As annotated on the chart, weekly pivots combined with volume profile and VWAP bands can give high % entries.
me
On responsive days, VWAP bands give accurate points of entry for a move back to the current VWAP or POC.
Be wise to the the of day that is developing, and use the appropriate strategy. For example on trend days do not play for responsive moves as...
Markets are now very sensitive to data.
Worse ISM on Tuesday and worse ADP yesterday
have sent stocks lower and have generated a broad risk-off tone.
Today everything hinges on the ISM Non-Manuf.
report due at 16.00 CET.
If, as we expect, the print comes in worse, we will look to sell the Dow.
Target is 25250s.
Ranges, Triangles, Descending Triangles, and Ascending Triangles are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the...
2019-09-18 16h30
Action : entering in a Short position
Why : oscillators in overbought conditions with breakdown tendency
Risk : with Fed rate announcement it's always a risk to take a position at the same moment
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YM1!
