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Re: MA Crosses

mikryx, Sun Mar 05, 2023 5:57 am

sal wrote: Sun Mar 05, 2023 1:44 am
Image
Hi my friend,

First, you need to proceed step by step, signal after signal.
The first event occures in the morning, as I refer to your picture.
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SCREEN #1 : As you can see, the first blue candles give you the first mountain? You use the pike to put your first horizontal line. And after, you have the pink candles that will give you the V shape, and the bottom where you'll put your last horizontal line.
And here, you can see the price went to the jackpot area, who is also where your entry point (SELL) is located. ------------------------------------------------------------------------------------------------

SCREEN #2 : Your previous horizontal lines are updated as the last jackpot area gives us a new V Shape. And you detect a new jackpot area, this time, on top. Your entry point is a (BUY). ------------------------------------------------------------------------------------------------



SCREEN #3 :Your previous horizontal lines are updated as the last jackpot area gives us a new mountain. And you detect a new jackpot area, this time, to the bottom. Your entry point is a (SELL). ------------------------------------------------------------------------------------------------


SCREEN #4 :The horizontal lines are updated, but there have been no jackpot, as the candes are staying between. (range, sideway)
In this case, we need to waite until we get other mountains or V Shapes. ------------------------------------------------------------------------------------------------


SCREEN #5 :The horizontal lines are updated again, leading us to a new jackpot area to the bottom. My entry point is a (SELL) ------------------------------------------------------------------------------------------------


SCREEN #6 :The horizontal lines are updated, and we get a jackpot area to the top. My entry point is a (BUY) ------------------------------------------------------------------------------------------------


SCREEN #7 :We have updated the horizontal lines, ad this time we get a jackpot area to the bottom. My entry point is a (SELL) ------------------------------------------------------------------------------------------------

AS A CONCLUSION : it was a quiet day. Sometimes the market won't give you money.

But, have you looked at March 2nd ? there were good trades :

As a reminder, use a very tight stop loss, good lots size, then when the market will give you a good distance, you'll hit big.
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