AHG - Profitable Strategy for Struggling Traders

This is a long pullback; drawing a trendline, waiting for the break.

 

here we go long @ 78.00

 

I got stopped out on my long.

 

I shorted the last leg up when it failed around 2082ish

 

Question.

I find that Ws resemble trends breaks all too often.

So when is it best to look for a strong bar at the break of a trend vs a strong bar at the break of the W's mid-swing?

Also, if e-Motion/fib level is very close yet a little further away from a qualifying strong bar, do you see yourself giving priority to the fib level?

-Tech

 

I suck.

 

finally what was your stop?

 

I usually front run the W bottoms. They are usually telegraphed very well. I wait for the trend break like you said of the down trend, then a higher low and a break of the subsequent down trend line.

 

W's form when some kind of meaningful support is out there. It's up to the trader to determine how meaningful it is based on anchor charts.

Off to the beach.

Anek

 

Intraday Swing Sample

Anek