Bottom Fishing Buy
1) Look for the lowest bar with Smart Indicator showing “V” reversal.2) Draw a rectangle box using the day high and low as the marker and
extend The rectangle to the future.
3) Watch the next few price bars to move above the rectangle with
price bar turning Green and above 3 and 8EMA are pointing up.
4) If the following Green bar that has above average volume and price
is above 3 and 8EMA pointing up, and the 30EMA has changed to
Blue, and 30EMA line is sloping up and not moving flat. Smart
indicator starts to move higher crossing 20 level line. Today bar
engulfs previous day bar. This is the Buy Signal.
5) Initial Buy – Cut loss is previous day low.
Selling to take profits
1) 1) Price is far away from
30EMA and the next day price bar has open
below yesterday closed price and move
lower
2) 2) Price bar is Red and has fallen below StopLong
