Thread by @Khi_Invests

With @CoachDipka golden goose strategy, I have been implementing it into a strategy I personally like using. I like trading over extensions from the EMA’s. Below is an example of something that is overextended from the EMA 👇

Now I like combining this strategy with the golden goose, which is a rejection of the 21ema along with a key level (such as a fib). Below is what an ideal golden goose set up will look like on $IWM

We see price pulls back to the 21ema and the key level and rejects hard. I like to use the 5 minute and the 1 minute chart together to give me more conviction in taking the trade. The 1 minute chart posted below shows the same timeframe where the golden goose happened 👇

Now, as discussed previously we see on the 1 minute chart the price is extended from the ema’s. However, on the 5 minute chart price is pulling back into the 21ema and a resistance level.

Although it is not smart to trade just based on the 1 minute chart, it can be great to signal when it is best to enter a trade, especially when combining this with @CoachDipka and the teams golden goose trading strategy. @DwyaneTrade3 @RamsayRippers

Simply exiting the trade once price pulled back to the ema’s one the 1 minute chart would have gave you a nice scalp play. However, the golden goose is also great to play for hard rejections so I like to scale out small once price pulls back to the ema on the 1 minute chart.

I will then have secured a small win and am able to let the rest of my position ride for a larger rejection and breakdown from the ema’s.

Played last week with small size using this strategy and had a very high win rate and was able to make about 5% on the portfolio. Looking to have more confidence this week and kill it ‼️ If Anyone has any questions I would be glad to help 💯 Let’s get to Monday! @tradingcamppod

Appreciate Kane Capital for the knowledge they provide day in and day out 🤝 @mandertrades @stocksnipa @CoachDipka @Moe_Mamba_ @RamsayRippers @CoachDipka
#trading #stocks #spy #qqq