regarding FB, since it closed with a doji candle, we now have a
trigger point (high of candle) for an objective trade entry with a
stop. target would be first the 5 EMA, then the 9 EMA
I like to buy when price is coiling before breakout instead at
the breakout. The problem with coiling is you don't know the
direction after the coil, but the direction is clearer with on
momentum on 15/30/60 min timeframe, better with daily, weekly and
monthly coiling as well. Often, by the time the breakout happens a
huge chunk of the move has already happened. e.g. vsco I bought it
in late Jan when it was coiling. As for xbi, there was not much
coiling but the pull back today + vol look constructive.
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FB
Posted by arun on 8th of Feb 2022 at 02:51 pm
FB
FB UPDATE
Posted by arun on 8th of Feb 2022 at 03:30 pm
FB UPDATE
regarding FB, since it closed
Posted by matt on 8th of Feb 2022 at 04:11 pm
regarding FB, since it closed with a doji candle, we now have a trigger point (high of candle) for an objective trade entry with a stop. target would be first the 5 EMA, then the 9 EMA
yep, I stopped out of
Posted by matt on 8th of Feb 2022 at 03:37 pm
yep, I stopped out of my position from the morning, added it back just before you posted that chart
I like to buy when
Posted by sydney on 8th of Feb 2022 at 04:18 pm
I like to buy when price is coiling before breakout instead at the breakout. The problem with coiling is you don't know the direction after the coil, but the direction is clearer with on momentum on 15/30/60 min timeframe, better with daily, weekly and monthly coiling as well. Often, by the time the breakout happens a huge chunk of the move has already happened. e.g. vsco I bought it in late Jan when it was coiling. As for xbi, there was not much coiling but the pull back today + vol look constructive.