Key Hidden Levels: Earnings price support indicatorI'd like to illustrate a few examples of the methodology I employ to trade equities.
With the aid of the 'Earnings price support' from the 'Key Hidden Levels' indicator pack, we can pinpoint not only where to buy or sell, but also, where the stock will gravitate to after starting a directional move.
We can anticipate wether we want to go long or short, based on fundamentals/valuation AND technicals combined.
Using RgMov we can validate our entries when retesting the earnings levels to discard potentially more dangerous trades. In my experience, win rate is really high, and in most cases we can trade them with a very tight stop loss too.
Just being aware of where the stocks reported earnings, and what price action did at the time, tells you most of what you need to know in an actionable manner, and this trading methodology and indicator will aid tremendously in making effective decisions.
We cover many setups of this type in Tim West's chatroom, and it's a big part of the way I trade equities.
Feel free to comment. Maybe you can stop by the chatroom, subscribe and help us spot these great trade opportunities, since we can't monitor absolutely ALL the securities out there.
Cheers,
Ivan Labrie.