Short
Threads in the needle to go short
Updated
This is my first trading idea published here, mainly because all my capital is allocated and I don't have more to trade on this one, so I'll post it to start building some reputation. But don't follow me because I might be lost too.
Here we go:
ADX shows a short trend starting on the daily, still weak, but we can consider it to start the trade. On the weekly, the trend is lost, which might be influenced by the daily trend.
Bollinger bands are wide opens, indicating it's time to go in. Check.
Now the most important and special part of the idea: Didi index shows an "agulhada" which means the three threads going at the same time into a needle hole. Beautiful.
That's all we need to know to go short on KDR, IF it goes below 2.04, it will try to get the 1.94, then 1.84 and 1.75. 1.64 is the performance bonus.
If it goes up we need to hold our enthusiasm, stay out and observe to see how it behaves.
Time will tell.
Don't worry about the other two indicators, I was taught to use them to get out of the trades.
Here we go:
ADX shows a short trend starting on the daily, still weak, but we can consider it to start the trade. On the weekly, the trend is lost, which might be influenced by the daily trend.
Bollinger bands are wide opens, indicating it's time to go in. Check.
Now the most important and special part of the idea: Didi index shows an "agulhada" which means the three threads going at the same time into a needle hole. Beautiful.
That's all we need to know to go short on KDR, IF it goes below 2.04, it will try to get the 1.94, then 1.84 and 1.75. 1.64 is the performance bonus.
If it goes up we need to hold our enthusiasm, stay out and observe to see how it behaves.
Time will tell.
Don't worry about the other two indicators, I was taught to use them to get out of the trades.
Note
Yep... going towards 1.94. After that will fetch the 1.84.Note
1.84 target reached... next is performance bonus: 1.75.Time to make more profit and continue lighter in the journey, because the bus is on it's way, and the other indicators are not saying to get out yet.
Note
I was away from the market and BOOM. what a glad surprise. At this point the profit exceed the expectations and the indicators don'r tell to get out of the trade yet.On the weekly chart, depending on the week goes, it might confirm even more the down trend, so I'd hold the position a bit longer.
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.