Based on VCP strategy with some modifications.
Buy Swing minimum Target 5% , and maybe big candle posible ( according to backtest data)
( Im just reversal trader from last 4year , but I try to move on trend follow. Reason.
In reversal stock consolidation avg 3-6 months avg so my money stuck it.
Trend and movement stock give return or sl in just few days to weeks)
I have backtested around 10 stock avg last 3/5 year data show accuracy 80%.
Still in testing mode .
Buy Swing minimum Target 5% , and maybe big candle posible ( according to backtest data)
( Im just reversal trader from last 4year , but I try to move on trend follow. Reason.
In reversal stock consolidation avg 3-6 months avg so my money stuck it.
Trend and movement stock give return or sl in just few days to weeks)
I have backtested around 10 stock avg last 3/5 year data show accuracy 80%.
Still in testing mode .
Trade closed: stop reached
After test lot of data Failed expectations momentum and break out trade not for me
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.