AI
Monday, December 18, 2023 10:01:41 PM
KOLD below is an example of me acting before the price action was above the 200ma. I convinced myself it was on a trajectory to do so, so I took the risk and acted early. If momentum had not caried the price action above the 200ma, I would have got out for a small loss when a candlestick closed below the 9ma. This didn't happen.
On 6 Nov a full candlestick printed above the 9ma, and a green histogram bar printed on the PPO above the 0.0. All this was below the 200ma. However, both the 9ma and the 20ema were turning up, and the 200ma had been on a positive slope for months, so I took a higher risk and entered a bit early.
On 6 Nov a full candlestick printed above the 9ma, and a green histogram bar printed on the PPO above the 0.0. All this was below the 200ma. However, both the 9ma and the 20ema were turning up, and the 200ma had been on a positive slope for months, so I took a higher risk and entered a bit early.
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