PB&J - Short Trade Examples
- After an SMA 10 / EMA 30 Dead Cross, the time frame can be viewed from a short perspective, especially so when the market is in a down trend. I published a Weekly analysis of Bitcoin suggesting prices falling into $50,200 and $45,600. While I have long trades open at these locations, I took this opportunity to look for short opportunities on the 4H time frame, and this highlights the Nison PB&J strategy perfectly.
- Wait for a pull up into the sweet spot between the moving averages. Wait for a bearish reversal candlestick pattern to close(!) and Western technical confirmation before opening a short trade. If the candle closes as a High Wave, Doji, or Pivot High, consider placing a short trade with a stop loss above the pattern high with a profit target of a recent swing low.
- You can take profit in whichever way you want, selling a percentage of your position at your target and letting the rest ride, perhaps with a trailing stop.
PB&J is a brilliant strategy and with expert knowledge about candlestick analysis you can make a ton of money. If you haven't learned your candlestick analysis from Steve Nison - you've learned second-hand garbage which will cost you money. Follow the white rabbit.
- After an SMA 10 / EMA 30 Dead Cross, the time frame can be viewed from a short perspective, especially so when the market is in a down trend. I published a Weekly analysis of Bitcoin suggesting prices falling into $50,200 and $45,600. While I have long trades open at these locations, I took this opportunity to look for short opportunities on the 4H time frame, and this highlights the Nison PB&J strategy perfectly.
- Wait for a pull up into the sweet spot between the moving averages. Wait for a bearish reversal candlestick pattern to close(!) and Western technical confirmation before opening a short trade. If the candle closes as a High Wave, Doji, or Pivot High, consider placing a short trade with a stop loss above the pattern high with a profit target of a recent swing low.
- You can take profit in whichever way you want, selling a percentage of your position at your target and letting the rest ride, perhaps with a trailing stop.
PB&J is a brilliant strategy and with expert knowledge about candlestick analysis you can make a ton of money. If you haven't learned your candlestick analysis from Steve Nison - you've learned second-hand garbage which will cost you money. Follow the white rabbit.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.