SPY 1hr with Fib Retracements and MY NEW STRATEGY
Blew everything up. I was a triple EMA guy for a long time, but it's not producing results like it used to. So I used my sick day to do some research and landed on this new strategy and I am excited to start using it.
200ma to confirm trend - Stochastic RSI combo - TTM Squeeze. I also have the option of turning on the custom indicator "ultimate moving average" that I am really enjoying.
Here is how it will work for me, and I am talking long positions only.
1. 200ma - stock must be trading above/at the 200ma for a position
2. Stochastic RSI (stock must be crossing/already above the red line)
3. TTM Squeeze (stock must be grey/blue beginning histogram)
For entry - must have 2 out of 3 confirmations. From my few hours of testing today, it is pretty reliable and a solid strategy. The TTM Squeeze is a fantastic indicator, I really am looking forward to using that. It seems like the Stochastic might lag a bit, even though it is supposed to be the one out front. We shall see.
Entry on the 10min
Confirm trends on 1hr
More updates over the weekend!
SPY
200ma to confirm trend - Stochastic RSI combo - TTM Squeeze. I also have the option of turning on the custom indicator "ultimate moving average" that I am really enjoying.
Here is how it will work for me, and I am talking long positions only.
1. 200ma - stock must be trading above/at the 200ma for a position
2. Stochastic RSI (stock must be crossing/already above the red line)
3. TTM Squeeze (stock must be grey/blue beginning histogram)
For entry - must have 2 out of 3 confirmations. From my few hours of testing today, it is pretty reliable and a solid strategy. The TTM Squeeze is a fantastic indicator, I really am looking forward to using that. It seems like the Stochastic might lag a bit, even though it is supposed to be the one out front. We shall see.
Entry on the 10min
Confirm trends on 1hr
More updates over the weekend!
SPY
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