LUCKILY THE TEST TACTIC SUSTAINEDIT TOOK MONTHS OF PREPARATION.
A LITTLE OVER A YEAR AGO... NOTICED VERY PECULIAR PATTERNS ON A LOT OF VERY STURDY CHARTS. EXAMINED NEARLY 400 TICKERS... SOMETHING VERY IMPORTANT STOOD OUT.
DID SOME CALCULATIONS AND TESTED THE THEORY WITH A LIVE PORTFOLIO.
WHEN THE BANKING CRISIS STARTED PACKING IN, THE PORTFOLIO WAS RED AT FIRST. THEN EVERYTHING WENT GREEN... AND STAYED GREEN. LIKE M A G I C.
THE BANKING CRISIS WAS PERFECT FOR THIS PORTFOLIO TYPE.
VERY TUNED IN. EVERYTHING WORKED JUST AS PLANNED.
THERE ARE PLENTY MORE TO GO...
WILL TEST OUT THE LONGEVITY NOW.
WE ARE IN A CYCLE AND IT'S CLEAR AS DAY.
Strange things can and will happen.
The performance of our markets are extraordinarily fascinating!
Watched the market throughout the 2020 fallout... iT was nothing short of miraculous.
We are all lucky.
Count your blessings.
Take care.
P.S. Let's not get too excited. We have work to do!
Tactic
XLM Swing Trading Tactic Done this a bit with success swing trading on XVG recently, something different ;)
I'm bullish on XLM short term following it's new partnership with IBM, but been a lot of hype on the back of some very positive news for XLM so if you're day trading prepare for this one to fall out of this wedge into a lower channel and potentially fall below 500 sats.
This may look a little messy and confusing but everything you see here is justified in one way or another and has been analyzed for hours to set a profitable swing trading plan until the end of October.
If this stays in the upper wedge i'd imagine things will slow down on the rise's and drop back towards the trend lines fast, if it falls through xlm will plummet back to the lower trend line within half a day or so but this support should hold for at least another hour or 2 if it's to fall. If it's to stay in the upper wedge it needs to go now. Be wary buying in this wedge, maybe save it for the breakout.
Although not really important in swing trading this ones more of a novelty, in the lower wedge on the 4th wave on the rise i'd imagine there will be a lot of upward pressure and continue following the down trend into the end of the wedge, if this doesn't happen I've thinned the lines on a 2nd possible outcome to continue swing trading the lower wedge.
I'm very confident it won't fall through the lower up trend so if you see it fall below on a false bear break, grab yourself a bargain and set a tight stop loss, especially if it falls through on the first fall from the upper wedge as it will absolutely fly on the rebound for some very quick profits!
Minor resistances at 1050 and 1240 on the breakout and another extremely strong resistance to which it will not pass anytime soon at about 1500.
Best of luck! :)
3 basic variables to measure your trading3 basic variables to measure your trading
NUMBER OF TRANSACTIONS, TRANSACTION SIZE & ENTRY INCL. EXIT
have a much better trading year 2017 as 2016
Aaron
3 basic resources for trader: TIME, MONEY & JOY OF DECISION3 basic resources for trader
TIME, MONEY & JOY OF DECISION
have a better trading year 2017 as 2016
Aaron