These are my notes on the moving average ‘fan’.
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Phase A
The price rejects and trends downward. There are more sellers than buyers at these prices.
Phase B
The downtrend ends & multiple bottoms form. Buyers and sellers are more balanced but momentum is shifting in favor of buyers.
Phase C
Buyers gain control & push prices higher. Momentum has completely flipped.
Phase D
Prices breaks & retest a previous resistance. That key level is flipped into support. This is an entry opportunity.
Phase E
Price breaks & retests another previous resistance. Continued strength.
X. @ThiccTeddy (new tab)
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10 step starter kit for new traders or those who aren’t consistent:
1. Choose @IBKR “Think or Swim” @WebullGlobal (Pick 1)
2. Put $2000 in the account.
3. Choose 1-2 set-ups from this list here
4. Go back 30 days for TSLA NVDA AAPL SPY and go find the set-ups
5. Choose 1 week expiry and at the money strikes
6. Choose 2-3 contracts max each trade
7. Stop loss will be 25-30 cents max
8. Price target is at least $60 cents to $1.20+
9. Sell only if you hit your stop loss or price target
10. Build confidence and conviction by preparation
X. @SuperLuckeee
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Trading’s hard enough – don’t make it harder.
Strip your chart down.
Keep what matters.
$HOOD Higher time frame supply to lower demand. That’s the trade.
X. @MarlowTrades (new tab)
