Nictrades notes from April 16 stream including moving averages
These tips include moving average tips I have been influenced by
This Nictrades is one of the better sources to find out how the pro traders work. You can go into their minds through her weekly streams on Facebook. Here is another set of notes from her session today:
Nictrades April 16
Impulse wave
pull back on moving averages
support and resistance (min/max)
50 % of max drop
Bull flag (shaking out from pattern since people watch for it)
Prevent shakeout of whale traders
Declining wedge looking for higher low
61.8 fib of low to high to set target
golden cross where moving averages go above 200
50% of high to low for target
abc pattern
wedge pattern
create notification/alert for target broken
need to show fib level on fib charts
could have 50% retrace down
upside target using fib 1.618 and 2.618
fibanacci or moving average pullback after trend
can have 50% retrace/pullback
could
2.36 fib retrace level for new target
never full size of position only half the positon when you cannot watch it live e.g. 200 vs 100 on positions
need to break through upside target
can abc correction don’t want bearish patterns/symmetry
apply tight stops in these conditions abvoe
if bear abc flag close open positions
can apply channel in range bound
.236 resistance can be breakout as bullish reversal for breakout , set confirmation level target
take partial at .382 cause it may pull back and 2nd pull back my breaktrough
from max to high take 50% and set fib levels from there
set fib from the high but use from the most recent swing low, set new fibs
head and shoulder levels
1.618 exit target .236 entry
measure fib from candlestick wicks
50% of big candle move up so set new fib there (support is there) ←-good entry (this works well in commodity in gold oil)
can use 50% of DMA 50
always look for support
3 waves for correction so use trendline to confirm breakout
886 fib retrace for big wedge
CCI or RSI to verify momentum for trend. CCI is trigger with line on 14 d moving averages
RSI only for strength
ABC correction on 3rd wave
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