there's never one thing, depends where the price is in side the
pattern, like if it's near the support trend line. Are there a
bunch of MA's there that are bunched together or obvious support.
Any large candles that are mostly bodies with very small
tails that you can use 50% of that candle range as a stop, or doji
candlesticks where you can set a logical stop or a trigger off of.
Also what does the 60 min chart look like, is there a better
setup on that time frame etc to help your entry etc? see this
60 min chart, was a clean setup, tigher stop around that 35 area
where the dotted line is or if you wanted to give wide room below
the MA's. Right now there's no MACD divergence so it appears
that its simply consolidating perhaps forming a bull flag now, so I
feel comfortable holding some shares as a runner BUT I sold 1/2 on
the first move to lock in some gains
there's never one thing, depends
GOOS Updated View
Posted by matt on 19th of Apr 2018 at 02:03 pm
there's never one thing, depends where the price is in side the pattern, like if it's near the support trend line. Are there a bunch of MA's there that are bunched together or obvious support. Any large candles that are mostly bodies with very small tails that you can use 50% of that candle range as a stop, or doji candlesticks where you can set a logical stop or a trigger off of. Also what does the 60 min chart look like, is there a better setup on that time frame etc to help your entry etc? see this 60 min chart, was a clean setup, tigher stop around that 35 area where the dotted line is or if you wanted to give wide room below the MA's. Right now there's no MACD divergence so it appears that its simply consolidating perhaps forming a bull flag now, so I feel comfortable holding some shares as a runner BUT I sold 1/2 on the first move to lock in some gains
Much food for thought. Very
Posted by RichieD on 19th of Apr 2018 at 03:20 pm
Much food for thought. Very helpful. Thank you.