SPY bounce to $580
Güncellendi
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.
Price at bottom of upward trending channels (period 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative, just like September
Price at near Fibonacci level, 0.618 retracement
In at open on Monday. I would like to see price gap down to $563 (0.5 fib retrace), or $557 (100 period channel). My plan is to buy 1 position at Monday's open, 1 more position at $563 and 3 positions at $537.35.
Stop loss is 1% of my purchase on Monday.
Target is $580 or channel top
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.
Price at bottom of upward trending channels (period 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative, just like September
Price at near Fibonacci level, 0.618 retracement
In at open on Monday. I would like to see price gap down to $563 (0.5 fib retrace), or $557 (100 period channel). My plan is to buy 1 position at Monday's open, 1 more position at $563 and 3 positions at $537.35.
Stop loss is 1% of my purchase on Monday.
Target is $580 or channel top
İşlem kapandı: hedefe ulaştı
PROFIT! CLOSING POSITION AT $588
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.