TRADING STRATEGIES:
Trend Reversal LONG Entry
- Down Trend, RSI Confirms Down Trend (Lower Peaks/Troughs)
- RSI BEAR Divergence or RSI H&S Pattern at Beginning of Down Trend preferred
- Identify Resistance on Price Action (Bull Close to Bull Close) and RSI (Peak to Peak)
- Consider using Andrews Pitch Fork in help determining S/R of Down Trend
- Any Down Trending Chart Pattern (Inverted H&S on Angle?)
- Price Action should be approaching known Support (Pivot/Longer Trend/200SMA)
- Look for RSI BULL Divergence to indicate imminent Retracement/Reversal
- BULL Entry after BULL Divergence and RSI Cross Above 30
- Aggressive BULL Entry on Bounce up after Triple BULL Divergence
- BULL Entry after RSI and Price Cross/Close Above Down Trend Resistance
- Aggressive BULL Entry after RSI Cross/Close Above Down Trend Resistance before Price
Trend Swing LONG Entry
- Up Trend, No Significant RSI Bear Divergence preceeding
- RSI Cross and Close Above 50 (RSI Higher Low Below 50 preceeding Preferred)
- Price Action Cross and Close Above 21 EMA
Trend Reversal SHORT Entry
Trend Swing SHORT Entry
- Down Trend, No Significant RSI Bull Divergence preceeding
- RSI Cross and Close Below 50 (RSI Lower High Above 50 preceeding Preferred)
- Price Action Cross and Close Below 21 EMA
Trade Management
- Parabolic SAR Stop Strategy
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