https://rightsideofthechart.com/p-trade-entry-setup/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:19:21 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://rightsideofthechart.com/p-trade-entry-setup/#comment-2855 Fri, 11 Nov 2016 15:30:45 +0000 http://rightsideofthechart.com/?p=173728#comment-2855 The suggested beta-adjustment for the position size on the P swing trade is 0.9 (i.e.- 90% of a typical swing trade position size).

]]> https://rightsideofthechart.com/p-trade-entry-setup/#comment-2854 Fri, 11 Nov 2016 15:27:49 +0000 http://rightsideofthechart.com/?p=173728#comment-2854 Not that there’s much in this short video that I didn’t cover above but you can see how price alerts can help to quickly identify a trading opportunity. In the case of Pandora, I had set a price alert last night to trigger if P moved up to just below the top of this minor ascending price channel on the 60-minute time frame. The 60-minute frame helps to hone down the entry that is confirmed with P trading at support on the daily chart with both the MACD & RSI starting to turn back up (potential MACD bullish crossover & RSI bullish cross back above the 30 level following an extended oversold reading.

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