Here's almost a real time example of that MA ribbon pinch
followed by cycle trigger I look for, it setup 15 min ago. You had
a MA ribbon pinch on the 60 min and 30 min to get your attention to
look for a trigger, then you got cycle buys (cyan dots) on the 15,
10, and 5 min. Again where you exactly trigger is a bit subjective,
sometimes might see a doji to trgger off off, a trendline break
like you see on the 10 min, or fast MA to turn green, whatever.
However my stop at this point would be that low around
11.15
USO cycle and MA ribbon example
Posted by matt on 18th of Oct 2019 at 02:16 pm
Here's almost a real time example of that MA ribbon pinch followed by cycle trigger I look for, it setup 15 min ago. You had a MA ribbon pinch on the 60 min and 30 min to get your attention to look for a trigger, then you got cycle buys (cyan dots) on the 15, 10, and 5 min. Again where you exactly trigger is a bit subjective, sometimes might see a doji to trgger off off, a trendline break like you see on the 10 min, or fast MA to turn green, whatever. However my stop at this point would be that low around 11.15
Did this example trade stop
Posted by retirefire on 21st of Oct 2019 at 12:54 pm
Did this example trade stop out in at todays open?