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.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
IF price reaches $28.15... (set your limit order)
DJT would be at bottom of 3 channels (period 52 39 & 26) sloping upward
Stochastic Momentum Index (SMI) near oversold level
VBSM remains positive
Price at near Fibonacci level of 0.382
In at $28.15
Target is $38.28 or channel top
Stop loss is $27.15
price COULD drop to $20 (52 period channel) or $6.50 (100 period channel), if there's no bounce
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.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
IF price reaches $28.15... (set your limit order)
DJT would be at bottom of 3 channels (period 52 39 & 26) sloping upward
Stochastic Momentum Index (SMI) near oversold level
VBSM remains positive
Price at near Fibonacci level of 0.382
In at $28.15
Target is $38.28 or channel top
Stop loss is $27.15
price COULD drop to $20 (52 period channel) or $6.50 (100 period channel), if there's no bounce
Trade closed: target reached
Closing position. Target reached. 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.