FB the ATM Machine
Hey guys I just wanted to share how I approach the market when it's choppy and a correction is looming.
Find a ticker with high dollar amount change and trade monthlies around the signals that lead to consistent outputs.
Facebook is great to play along with a handful of others. The green and yellow horizontals represent where I entered and exited the trade (3/29).
I used Fridays high as confirmation to enter the trade with a conservative profit oriented exit. On the RSI you can see where I've marked FB as being oversold and playable into the next day for consistent profits.
Between 30-45 seems to trigger a multi-dollar move within days. Obviously we should pair RSI with other indicators and market sentiment before making trades. But I cant imagine a market in which there were not
buyers available to push this tickers price up!
Find a ticker with high dollar amount change and trade monthlies around the signals that lead to consistent outputs.
Facebook is great to play along with a handful of others. The green and yellow horizontals represent where I entered and exited the trade (3/29).
I used Fridays high as confirmation to enter the trade with a conservative profit oriented exit. On the RSI you can see where I've marked FB as being oversold and playable into the next day for consistent profits.
Between 30-45 seems to trigger a multi-dollar move within days. Obviously we should pair RSI with other indicators and market sentiment before making trades. But I cant imagine a market in which there were not
buyers available to push this tickers price up!
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.