Thats a mechanical trade that you keep referencing not based on TA. I bet you want me to spoon feed you. I already gave you all a freebie where if you risked only 10k you would have profited $162k in less than 3 months. But instead of listening you all just mocked me.
Just look at the chart I posted and you tell me. All the information you need is right there in front of you. You basically just have to connect the dots.
I don't wish to engage in a debate on the subject, but your analysis was very vague at best. If I misinterpreted you, please explain clearly where price is going, where you would enter, where you would take profits. Thank you.
Come on you guys. Re-read my post and apply a strategy. Everything you need is right there even if its on the daily.
The way I interpreted your analysis was something to the effect of: "It can go up more, but it can also go down..." Anyway, I won't press the matter further if you want to stay vague. I have my own approach, so not looking for guidance or signals from anyone else, but always interesting to hear what other people say. Sometimes it can be a good fade, too. Also, this thread is actually started by @LargeTrader, so maybe we should give it back to him and the demonstration of his trading model.
It's not a strategy I would be comfortable with. Use ETFs, no single stocks. Enter a trade long. After a pull decent sized pullback If the price drops keep adding to the position. Hold until position becomes profitable. Could be a long time. Sell at a profit. Rince and repeat.
Selling puts is the best way to accumulate stocks at a discount. So yes, bullish on the upcoming trend, bearish on the current trend. Otherwise how would you ever get assigned? if you are bullish on the stock right now, why not just buy it? You guys seriously need to rethink your whole belief system.