Last weeks swing trades worked out: CL Entry at lowest POC on the daily chart trigged the long trade at 52.29 1st target at 54 hit 2nd target at 63.92 3rd target = trailing stop below red bar is still open Next week trying to add to the position at prior days POC or waiting for a correction for another swing entry at 53.43 NG: Entry at POCs from 13,14, 15st...
Last weeks swing trade worked out: GBPUSD Entry at lowest POC on the daily chart did trigger the short trade at 1.358 1st target at swing high 2nd target = trailing stop below red bar is still open Next week waiting for a correction for another swing entry at 1.366 EURUSD Re-Entry at 2nd highest POC on the daily chart did trigger the short trade at 1.2144 1st...
Last weeks swing trade worked out: BTCUSD Entry at highest POC on the daily chart trigged the long trade at 33368. 1st target at 38711 hit 2nd target at 41969 3rd target = trailing stop below red bar is still open Next week trying to add to the position at prior days POC or waiting for a correction for another swing entry at 37170 ETHUSD: Entry at POC of...
Last weeks swing trade worked out: SILVER: Entry at highest POC near 30 moving average on on the daily chart at 25.935 1st target at 27.265 2nd target at 30.3 3rd target = trailing stop below red bar is still open. Next week trying to add to the position at prior days POC. GOLD: Entry at highest POC near 30 moving average on on the daily chart at 1870 1st...
Last weeks swing trade worked out: Entry at 2nd lowest POC on the daily chart did trigger the long trade on monday on the ES. On the SPY the entry was possible on prior days POC. 1st target at 382 hit 2nd target at 386 hit 3rd target = trailing stop below red bar is still open Next week trying to add to the position at prior days POC or waiting for a correction...
Last weeks swing trade worked out: Entry at 2nd lowest POC on the daily chart 1st target at 326 hit 2nd target at 330 hit 3rd target = trailing stop below red bar is still open Next week trying to add to the position at prior days POC or waiting for a correction for another swing entry at 316
Entering after 7 am eastern time on POC and holding the long trade till next day was valid
On Monday it was good be in a trade prior to 9 am eastern time, but on Thursday not
Entries on the POC almost immediately started the moves
Always watch both markets and enter at the POC
Next week I try to do swing trading with daily POC levels
As always enter on the pullback to POC line, there is no better strategy and there is no better charting software as trading view
POC line is always a valid entry, either with a limit order or on smaller timeframe on break above 5 min bars at the 1 hour POC line (yellow on chart)
I will always exit below a big red bar if the POC moved higher, there is just too much volume in the market, and most traders will cash in profits
I often noticed that the big gainers from the opening make near the close another move up. As always I use the 5 min bar break or bounce of the POC line as an entry, place the stop below the entry bar and trail the stop when there was an down move and and again an upmove. I am looking forward to program or get a scanner in tradingview that sents us an alert if...
Overvalued stock short short below POC