Aug Hypothesis: International Travel Growth (Specific to Airlines)
We entered this trade once we had the broad market momentum signal that was SPX Daily price closing above the 100 EMA line
The strategy I am now running is to make sure we trade in the direction of the broad market momentums and guage how expensive or cheap the price of the stock is by using the 100 EMA price average.
We entered this trade once we had the broad market momentum signal that was SPX Daily price closing above the 100 EMA line
The strategy I am now running is to make sure we trade in the direction of the broad market momentums and guage how expensive or cheap the price of the stock is by using the 100 EMA price average.
Trade closed manually
Closed at a loss, it looks like my hypothesis was wrong. The focus on rising fuel prices + Discounted fare was too strong against my hypothesis that international travel was increasing
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.
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.