Day Trader’s Aftermarket Lounge 16 Apr 2019, page-8

  1. Patterns
    45,292 Posts.
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    16/04/19
    20:26
    Post #: 38169514
    @4eyeguy what entry technique are you using to buy the dips? Usually the definition of dip buying is in a proven uptrend buying on the first green candle after a pullback to the lower trendline or a moving average. It is very dangerous for your wallet to dip buy during downtrends.
    Here is a 5 minute chart of Z1P with an 8 exponential moving average which illustrates the candles suitable for dip buying.https://hotcopper.com.au/data/attachments/1509/1509116-54388bbefa08a3d88cfd924fa51be33a.jpg
    Last edited by Patterns: 16/04/19
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