AI
Wednesday, April 08, 2020 2:49:40 PM
LABU/LABD same thing but different as my 7 year old would say.
Don't clutter your screen with indicators if you don't have an exact use for them in regards to your buy trigger.
I am going to show 3 trend line break outs on the 5 minute charts. 2 on LABD and 1 on LABU
2 were winners and 1 was a loser. The question I always ask is if the loser could be avoided.
sometimes they can.
Now look at the same charts with just adding the VWAP and we make a rule that we only take trades that break out over a trend line it at the time of the break out price is also above VWAP.
Case 1 it was a yes and case 2 it was a no.
LABU was also a yes
Don't clutter your screen with indicators if you don't have an exact use for them in regards to your buy trigger.
I am going to show 3 trend line break outs on the 5 minute charts. 2 on LABD and 1 on LABU
2 were winners and 1 was a loser. The question I always ask is if the loser could be avoided.
sometimes they can.
Now look at the same charts with just adding the VWAP and we make a rule that we only take trades that break out over a trend line it at the time of the break out price is also above VWAP.
Case 1 it was a yes and case 2 it was a no.
LABU was also a yes
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