Bottom Fishing Buy

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)  Price is far away from 30EMA and the next day price bar has open 
      below yesterday closed price and move lower 

2)  Price bar is Red and has fallen below StopLong

High Probability Trade Entry when Daily and Weekly Chart in-Sync

 

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How I consistently able to buy the LOW and sell the High with clear vivid price and volume action?

It's take trained eye and guts to take such trade after a massive sell-off..

Risk is usually low as the price has fallen sharply and started to consolidate..

Best place to have high returns and low risk with calculated cutloss near to the entry price.

Cheers.

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