Saturday, January 30, 2021

How to buy Low and Sell higher?


 

Witnessed that price made a low at point 1 and rebounded away. It is ok to miss

this opportunity as we do not know if this is the low point.

In order not to miss the next opportunity, you need to draw a horizontal line at point 

1 and extend to the right side as shown.

Sit and wait patiently for the price to come back to re-test point 1 low.

Next opportunity at point 2 came in mid-June where the horizontal line at point one

low was touched.

When price is moving towards point 2, you should be on high alert each day checking 

if the price would retest and bounce away from the point 2. If it did as shown at 

point 2, without hesitation, just enter the order to buy once price is above the 5SMA (blue line)

with cut loss below slightly below point 2 low. 

Watch to make sure that the cut loss does not trigger for the one week after purchased.

The rest will be history. With low risks to high returns ahead, enjoy the hell of a ride to 

the north pole. You need GUTS to make it work for you.