This is how I trade…
Now that we have a potential bottom on the daily…
Move to the 60 minute and wait for the 13/34 EMA BULL cross…
Simple…disclosure: works more often than not…
Now that we have a potential bottom on the daily…
Move to the 60 minute and wait for the 13/34 EMA BULL cross…
Simple…disclosure: works more often than not…
Thanks, I like it. I think most people are still looking at the miners and metals from a bearish perspective and expecting a breakdown from here, but I don’t think the price action supports that. Of course, this sector’s full of surprises, but I like the odds of a move up rather than down.
My approach differs from most, I suspect.
Its top down, rather than bottom up. I key off monthlies and sometime quarterlies.
But they are fast tuned.
I do see “an IT bottom” in the works. Probably next week, or maybe by Friday.
But it appears to me to be setting up for wave 2 bounce, ahead of a larger drop.
TWT.
I’m still figuring out how I trade and will be for some time yet.
LOL, yeah, everything is “subject to change”…