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If you focus on the SPY charts those brown dots are lows of the day. Now once one of those are in place you need ONE indicator you trust to trigger and confirm that is the one to buy. Another new low for the day is the stop on the open of the next bar when I have it automated, or the new low itself if I set the stop at the brokers. What you want is a low of the day with a buy from your trusted indicator and then it never looks back going up 100% so by the close to end the day trade. Rinse and repeat tomorrow.

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Michael Petryni
Michael Petryni

Written by Michael Petryni

Journalist, film critic, screenwriter, proprietary trader seeking simplicity in trading. https://thegodoftrading.medium.com/subscribe

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