Short
Mean-reversion SHORT - US100/NASDAQ
Greetings folks,
The tech index has been rising quite sharply since end of last Friday, forming a few large and strong bullish bars.
A pin was formed, though small, at the upper bollinger band with the default 20 period and 2 standard deviation settings.
My trading system recommends a short at the low of the pin with the SL be at the high of the pin.
The system historically has a 36% winrate with a 12(%/R) returns for the past 132 trades when locking in 2R (or 2x profit to risk).
Cheers
PineConnector
The tech index has been rising quite sharply since end of last Friday, forming a few large and strong bullish bars.
A pin was formed, though small, at the upper bollinger band with the default 20 period and 2 standard deviation settings.
My trading system recommends a short at the low of the pin with the SL be at the high of the pin.
The system historically has a 36% winrate with a 12(%/R) returns for the past 132 trades when locking in 2R (or 2x profit to risk).
Cheers
PineConnector
Automate your trading with Tradingview alerts to Metatrader 4/5 using webhooks.
Start your 14-day free trial now @ pineconnector.com/. Credit card not required.
Start your 14-day free trial now @ pineconnector.com/. Credit card not required.
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.
Automate your trading with Tradingview alerts to Metatrader 4/5 using webhooks.
Start your 14-day free trial now @ pineconnector.com/. Credit card not required.
Start your 14-day free trial now @ pineconnector.com/. Credit card not required.
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.