CSX in Buy Zone

5 Mar

My trading plan is very simple.
I buy or sell when at three of these events happen:
* Price tags the top or bottom of parallel channel zones
* Money flow spikes beyond it's Bollinger Bands
* Stochastic Momentum Index (SMI) at near oversold overbought level
* Price at Fibonacci levels

So...

Here's why I'm picking this symbol to do the thing.

Price in buying zone at bottom of channels
[Red Line 100 period / Yellow Zone 52 period / Green Zone 26 period]

Stochastic Momentum Index (SMI) at oversold level

Money flow momentum is spiked negative and under bottom of Bollinger Band

Entry at $30.88
Target is upper channel around $32.50

20 Mar

İşlem elle kapatılmış

Price meandering sideways toward upper channel. Closing position with small loss.