TVC:DJI is testing 200 MA, which is acting as a dynamic resistance. Longs may start to hedge their positions here.
As the name of the Elder trading system suggests there are three “screens” that we apply to every trade. The three screens used by Alex Elder can be summarized as follows: First Screen used for establishing a trading bias. The second Screen applies technical indicators to identify retracements against the trading bias established earlier. The third Screen is...
This is a strategy that only buys and sell once a month depending of BTC price. If btc price is above 200 SMA AT the end of the month on the daily then buy, else sell
The entry of 2614.00 is based on the previous day close of the 200 SMA Stop loss is 2 ATR from the entry. Profit target #1 is 2 ATR from the entry, giving you a reward to risk ratio of 1:1. Trading Plan: 1. Set Stop loss(2531.50) 2. Sell half at Profit target #1(2696.50) 3. Once Profit target #1 hit, shift stop loss to 1 ATR above your entry. (2655.25) 4. Sell...
We always wait patient for the trade to come to us rather than chasing the trade. Previously on Part 3, we missed the trade by a thin margin of 2.25 points. The market bounced back up and retrace back down. Luckily it presented an opportunity for us to enter the trade. The Profit target #2 is identical to Part 3 Profit target #2 as price action did not reach to...