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 system 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.
Price at bottom channel
Stochastic Momentum Index (SMI) at oversold level
TTM Squeeze just turned off
Impulse MACD is crossing over to the upside
Price very near Fibonacci level
In at $3.679
Target $3.9, top of channel
will add to position at $3.6, $3.5
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading system 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.
Price at bottom channel
Stochastic Momentum Index (SMI) at oversold level
TTM Squeeze just turned off
Impulse MACD is crossing over to the upside
Price very near Fibonacci level
In at $3.679
Target $3.9, top of channel
will add to position at $3.6, $3.5
Trade closed manually
Closing position @ $3.75 for small gain
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.