New Way To Spot Trades

Posted by Joe Duffy | Oct 25, 2024 | Joe Duffy's Trading Advantage | 0 |

The attached chart of Microsoft (MSFT) shows my XRAY trading strategy. Obviously green is bullish, red is bearish in a general sense. However that is NOT true all the time. Entry signals are a 3 step process and the bar color change is just one of those steps. So a simple color change is not enough to initiate a trade. As of right now though all 3 steps are complete and the strategy went long MSFT at $424.70. Feels a bit scary to buy here to be blunt, but that is why I have strategies … because feelings can’t be trusted, even with experience.

So I will follow up on the entry to see how it plays with my updates here. A close below $413.00 would take me out. First target area is $440. The strategy runs on TradingView including the free version of TradingView.

Thanks,

Joe

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Joe Duffy

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