A Lesson in Smart Trading Strategies
A Lesson in Smart Trading Strategies
Apr 17, 2024
Hey there, traders! It’s Barrie Einarson from Trade Ideas, here to dive into another exciting edition of “What Makes a Trade Great.” Today, we’re exploring a unique twist in our trading journey.
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Let’s dissect this intriguing scenario: the INVO alert at 288. Picture this: the blue line on our graph hits that magic number, 288. But hold on tight because here comes the plot twist! The candle that signaled the alert just barely grazed above that price before taking a nosedive. Where did it land? Right in the VWAP zone. Intriguing, isn’t it?
Here’s the golden nugget of wisdom: Treat AI alerts like your trusty watchlist. Sometimes, they give you an early heads-up, allowing you to snag a better entry point, especially if it aligns with your preferred moving averages, like the VWAP. And guess what? Many savvy traders in our community capitalized on this opportunity. We’re talking about getting in around 250 and riding that wave all the way up to 350! Now, that’s what I call a sweet deal.
But here’s the kicker: Don’t filter out those alerts. Keep your eyes peeled for every single one throughout the day. Why? Because you might miss out on hidden gems like this massive pullback scenario. Trust me; it’s worth keeping your options open.
Alright, folks, as we wrap up today’s session, remember to broaden your perspective and embrace every opportunity that comes your way. Until next time, happy trading, and may the markets be ever in your favor!