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Day traders' weekend lounge February 19 - 21, page-158

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grantmr

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20/02/21

14:57

Post #: 51181220
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Originally posted by Patterns: ↑

Speaking of pullbacks to the top green line, FFR 12 triggered an alert yesterday afternoon. This is a good example of what I was saying earlier that the time to buy was yesterday afternoon when the alert was triggered. The trading discipline required is to buy the pullback to the top of the demand level. The way to turn it into a losing trade is to cry about it being in a downtrend, wait for volume to appear , wait for indicators to confirm it is a buy, wait for a full moon or wait for any other reason . A stop is placed at 10 cents just below the bottom demand line for protection if trade fails. Price target is 24 cents, a good risk/ reward trade as this can be traded with pullbacks on intraday charts all the way up to 24 cents.
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i love it when patterns talks dirty
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