Trading Strategy
Updated 3.7.2021

1. do not trade in initial bull trend for counter that appear in scanner -already overvalued and going into parabolic move -it is the time where initial buyer taking profit
2. when counter go parabolic, aim for short position at sign of significant reversal (short 1) -first target will be 20EMA
3. after pullback from 20EMA, aim for short position (short 2) -second target to reach VWAP
4. optional of 3rd short position after pullback from VWAP (short 3) -3rd target to reach 50% Fibonacci
5. danger of trading short 4 or beyond -respect the initial bull trend -chances of price to fall below 50% Fibonacci is low with small profit margin -area of reversal or sideway trade
6. exit early if price reach near target profit but hover above it -price should move quickly to target due to vacuum effect, not doing so is probably due to a possible price target at that level, may rebound sharply at that price
7. if entry price and target profit gap is small, do not take the trade -unfavorable risk profit ratio
8. if price did not go as planned, think of resumption of bull trend and go long -important to trade both side of trades
9. consider enter at higher low for reversal (long 1) -if failed to break major target (open, close, VWAP, major support, major Fibonacci level) with strong bull strength -target profit at resistant level below peak
10. buy at pullback after price reach 20EMA but did not go below it (long 2) -trade in channel, exit when price out of channel
11. consider buy at pullback (long 3)
12. only consider entry at breakout for short 2 and long 2, aim for scalp for other trades