Stop searching for random tools to identify HOW and WHEN to BUY THE DIP.
In the next 5 minutes I’m going to share this amazing strategy called “BTFD”
Using this you can BUY LOW & SELL HIGH
Click on “Show this thread” to get the strategy 👇
So the strategy name is BTFD and no its not a slang. Its the Buy the Fibo Dip.
Do you ever see sometimes the stock gives a fake breakout and gives a deep pullback and quickly reverses within days trapping you in your buy position ??
Say no more.
Major Prerequisite :
Always use it in a trending stock.
Planning any options trades is critical as it helps in knowing the max risk, profit, payoff, etc. before the trade is taken.
It is integrated with a few brokers where you can get these details for free.
2/ Opstra:
This is a good platform, especially for futures and options traders. They can analyze the payoff of their position, probability of winning, max profit and max loss.
It's very easy to use as well.
95% of the traders lose money in the stock market because they don't have a proper trading setup.
Here is a simple cash trading strategy based on NR4/NR7 candles (that can be automated) that can help you catch Mega Breakouts in the Market
Surprise at the end!
A Thread🧵:
We will split this thread into five parts:
• What is NR4 and NR7
• How to use NR4 and NR7 in your Trading (Daily/Weekly Time Frame)
• Free Tradingview Indicator
• Free NR4 and NR7 Screener Link to simplify your analysis
1/ What are NR4 and NR7:
NR4 (Narrow Range) and NR7 mean when a stock price has made the smallest range (High-Low) in the last 4 and 7 days respectively.
These candles indicate compression in the price and it is expected to give a massive one-sided move in either direction.