Supply demand zone works amazingly with a 1 to 1 RR on stocks.
Also, the stock should be popular, many "common people" must have bought into this stock. This gives more probability to volatility and bounces.
I prefer this approach of waiting for price to come to me, over that of using buy/sell stops and trading/anticipating breakouts.
----
Story:
I learned of this stock back in Feb when I first explored Reddit stocks, and I did an analysis of potential buy zones in advance.
Fast forward to today, one of the youtubers I follow mentioned this stock when I tuned into his stream, and I checked my charts, with zero memory of my drawings in Feb.
Saw the zones I drew, and they all worked out. And I didn't make a cent from it. xD
Also, the stock should be popular, many "common people" must have bought into this stock. This gives more probability to volatility and bounces.
I prefer this approach of waiting for price to come to me, over that of using buy/sell stops and trading/anticipating breakouts.
----
Story:
I learned of this stock back in Feb when I first explored Reddit stocks, and I did an analysis of potential buy zones in advance.
Fast forward to today, one of the youtubers I follow mentioned this stock when I tuned into his stream, and I checked my charts, with zero memory of my drawings in Feb.
Saw the zones I drew, and they all worked out. And I didn't make a cent from it. xD
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.