One important thing which if you don't learn, you will always blame others for your failures, which is the decision when to Buy option and when to sell options! Option buying only works when Momentum is in your favour. Even if Market is sideways, you will loose money.
A two-legged pullback to the 20-period exponential moving average is a 😳 high probability trade entry set up inside a strong uptrend for buying a dip in price action. What??? It can also be a short selling opportunity on a rally back to the 20-EMA during a downtrend in price action. Any candle that goes higher than the previous candle begins a new leg up in price. Makes sense? Any candle that goes lower than the previous candle begins a new leg down in price. Trading rules for the two-legged pullback to the 20-EMA Dip buy signal · Strong uptrend · Two-legged pullback down to the 20-EMA · Enter at the close of the candle that bounced back from the 20-EMA Easy, right? And what about the short signal? Short sell setup signal · Strong downtrend · ...
Comments
Post a Comment