APP on the D1 - does it already qualify as extended from the EMA8, i.e. would it be more advisable to wait for a pullback instead of buying it near its ATH? Thank you for the video and explaining the new signals.
Yes. I would set an alert for a buy signal M15. It will need to go to an exit and then a buy. Evaluate the dip and if the retracement was small, a good entry will set up.
So did I get this right, that even if the stock looks really good in m5 chart, you always wait for dip down and bounce up before buying? And vice versa for shorting?
If the breakout is just starting like APP, when I highlighted it, we enter right away. We are not chasing the move. If the stock has run hard already, we wait for a dip and we set alerts. I like using our new trade signals. The stock is on a buy M15, and we set the alert for a buy M15. That means the stock has to go to an exit and then another buy. We evaluate the dip and determine if the entry is good based on the nature of the dip and what the market was doing at the time.
Please leave your comments and questions. You will find links to the free trial in the video description.
probably one of the best video. Straight to the point and easy to understand. Cant thank you enough
I like Pete posting more videos. I am going to sign up the trial on Monday!
great trading strategy & disciplined use education, tools & signal
Great Stuff Pete, keep em coming!
Thanks Pete. I'll probably try the free trial very soon
Make sure you read my course The System when you do that. It will help. See you then.
APP on the D1 - does it already qualify as extended from the EMA8, i.e. would it be more advisable to wait for a pullback instead of buying it near its ATH? Thank you for the video and explaining the new signals.
Yes. I would set an alert for a buy signal M15. It will need to go to an exit and then a buy. Evaluate the dip and if the retracement was small, a good entry will set up.
@@OneOption Thank you for the precise answer, I appreciate it.
Awesome video - Curious though - what are the pink and hollow bars I see on some of the charts?
They are called Key Bars. Very long bodies and heavy volume.
So did I get this right, that even if the stock looks really good in m5 chart, you always wait for dip down and bounce up before buying? And vice versa for shorting?
If the breakout is just starting like APP, when I highlighted it, we enter right away. We are not chasing the move. If the stock has run hard already, we wait for a dip and we set alerts. I like using our new trade signals. The stock is on a buy M15, and we set the alert for a buy M15. That means the stock has to go to an exit and then another buy. We evaluate the dip and determine if the entry is good based on the nature of the dip and what the market was doing at the time.
@@OneOptionThat makes sense. I got alot to learn... Thank you for replying!