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Prime Trade Select - Step 1c - Daily Heikin Candlestick Chart
3 years ago
5
Prime Trade Select - Step 1c - Daily Heikin Candlestick Chart
Panel 3 on TOS
Step 1c - Determine the price trend of stock using 50/100 EMA (Daily). Additionally, on this chart you should look at the price action in relation to the Keltner channel and the 9 - Day EMA. According to Chuck Hughes, this can be used to time an entry point depending if you are making a call-buy or a put-buy. Use 20 Year MONTHLY trend lines to determine support/resistance.
At THIS step, you have enough information to:
Step 2 - Select a low-risk entry point using the Keltner channel. (Expanded precision timing in the next video)....
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