I do use the 20 EMA / 200EMA as directional confirmation as well as my S/R levels. The S?R levels do take precedence as I do not want to trade into them. The LRC is used for entries as well as for target levels. I also use the market as as confluence. The 20EMA is used for exiting and or adding to position on pullbacks. I also use the manually drawn L-LRC's as well. They are a huge part of my trading.
Join useThinkScript to post your question to a community of 21,000+ developers and traders.
That is awesome! Keep it going!
what is scaled? did you buy more or sell some?
Scaling out. Selling.
That is how this started. I do use the regression channel tool to draw in my L-LRC levels.
useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.
We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.
If you are new, or just looking for guidance, here are some helpful links to get you started.
