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Dow Jones Industrial Average Index
Long

Testing some youtuber idea

By soldadocod
Updated
So, they guy says that you need:

  • A sideway movement, not necessarily a channel, just a horizontal movement.
  • A "build up" meaning a consolidation either on the top or the bottom of the area
  • If long, the lows should sit around the EMA20


If all the previous apply:

  • Limit buy/sell on the top or low of the area
  • SL around ATR +/-3 of that value, I will put just below the EMA20 (this one is long)
  • Exit when the price closes over or below the ATR -+3


So here we go:
Comment
Price is falling, doesn´t look like it will go up in the short term... will wait for more candles to close, so for now no trade ahead in the horizon.
Comment
Flat for now, no PA suggesting any direction. Meaning that there is no build up on any side of the range.
snapshot
Comment
Correction, this is the chart with the EMA20, latter was with EMA200
snapshot
Order cancelled
it made the breakout but the buildup wasn´t clear, next time!
Moving Averagespriceaction

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