SPY bounce to $580
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
עסקה סגורה: היעד הושג
PROFIT! CLOSING POSITION AT $588
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.