Kardec Trader shows a swing trading setup using 10-, 20-, and 50-day moving averages. Buy when price breaks above the prior day's high after moving averages tighten around price. Target exits in 3 to 5 days and treat trading like a business, not gambling.
And I use moving averages. So one, when I'm using moving averages sometimes what will happen when price is going sideways? The 10 day will begin to hug Price really closely. The 20 day will just be lagging a little bit behind it trailing, you might have been coming up from a little bit lower. And so price will be really tight to that moving average. And normally right in here you'll get a, you'll get like a really tight day. Like the candlestick will be much more narrow than prior days. The very next day I'm buying a break over prior day high. And if it's coming through this flat base, even better. And then really as a swing trader, you know, the job is you get, you know, something, something that looks like that where you get three, four days in a row. These moving averages, this would be your line chart. But your moving averages are starting to come in from the bottom like that and starting to come in. There's the 20, here's your 50 day. I'm looking for three to five day move. And again there are instances where I want to hold it for longer, but I want to get paid, treat it like a business.
