Second example of the day - How tightness looks like! https://t.co/9ygWz7HsZD

Quick question.

Would you trade this VCP pattern in the making? Yes/No? And, why?

To all those who are saying No because the current market ain't right for upside breakout trades, please look at the timeline of the picture. It is from 2016/17 when almost every stock exploded.

The majority answered Yes but for me, it's a NO. I'd pass this 2T VCP/CnH because even though the 2nd U shape is smaller in size by 70% but this U formed at a huge distance away from the 50 DMA line a.k.a EXTENDED.

1/n

The odds of profiting from the get-go are much better when breakouts happen 'closer' to 50dma.

As you can see in the picture, the price stayed sideways until the line caught-up with the price. Had you traded this breakout, you would have sat on a dead trade for 5-6 weeks

2/n

After covering the distance, when that same bloody formation was spotted, look at the result yourself. This is an eye-opener for everyone who said YES and for everyone who said no for a different reason.

3/n

My favorite scan #eagles

Fundanentally good stocks showing strength like an eagle.

Create such readymade simple scans by using mycomboscan feature in @mystockedge

KISS (Keep it Simple)

1. Identify Eagle Stocks from @mystockedge Swing Strategy
2. Make a Watchlist in both @mystockedge and @tradingview
3. Track the price movement and enter the stock when the price showing strength and continue till RS strong

E.g #ALKYLAMINE , what a beauty.

🔥My top #trading videos 📺

1️⃣ VCP pattern https://t.co/IZAf7CIZb4
2️⃣ FinViz stock screener https://t.co/Ua8B8Btch4
3️⃣ RS indicator TradingView https://t.co/4VnqHYYddW
4️⃣ My moving averages setup https://t.co/PDjpIPTGa6
5️⃣ 3 selling techniques

New Combo scan: Strong Stocks with High Delivery

@mystockedge