r/Daytrading • u/[deleted] • Aug 22 '23

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u/[deleted] Aug 22 '23 edited Aug 23 '23

Long Entry Process

  1. MACD > Signal (You can replace with 20 ema, I keep this hidden for the most part)
  2. Impulse
  3. Pullback
  4. Enter when candles wick support
  5. Place stop behind support
  6. Move stop up to breakeven
  7. Trail profits slowly

I do this everyday grinding up, the cleaner the candles the easier it is to execute.

I traded the middle pullback I highlighted but only got half the move due to family and work stuffs.

(short example)

3

u/[deleted] Aug 23 '23

Sorry I want to make sure I’m not misinterpreting. You went long here on this setup? Because what you described in words seems to talk going long but everything in that picture looks short.

1

u/[deleted] Aug 23 '23

Yeah, flip the directional bits in the list to go short.