FB the ATM Machine
Hey guys I just wanted to share how I approach the market when it's choppy and a correction is looming.
Find a ticker with high dollar amount change and trade monthlies around the signals that lead to consistent outputs.
Facebook is great to play along with a handful of others. The green and yellow horizontals represent where I entered and exited the trade (3/29).
I used Fridays high as confirmation to enter the trade with a conservative profit oriented exit. On the RSI you can see where I've marked FB as being oversold and playable into the next day for consistent profits.
Between 30-45 seems to trigger a multi-dollar move within days. Obviously we should pair RSI with other indicators and market sentiment before making trades. But I cant imagine a market in which there were not
buyers available to push this tickers price up!
Find a ticker with high dollar amount change and trade monthlies around the signals that lead to consistent outputs.
Facebook is great to play along with a handful of others. The green and yellow horizontals represent where I entered and exited the trade (3/29).
I used Fridays high as confirmation to enter the trade with a conservative profit oriented exit. On the RSI you can see where I've marked FB as being oversold and playable into the next day for consistent profits.
Between 30-45 seems to trigger a multi-dollar move within days. Obviously we should pair RSI with other indicators and market sentiment before making trades. But I cant imagine a market in which there were not
buyers available to push this tickers price up!
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