Moving averages are goated.
You can spend months building an overfitted quant strategy, then watch a basic 200-day moving average outperform it.
The simplest rules are often the hardest to beat.
if price extends away from Monday’s range early in the week
Thursday and Friday often trade back into Monday’s range
As Stoic loves to say #Thx4Playin#NQ#SBS $NQ
most traders review the move
Stoic Traders review the decision
the chart tells you what happened
your behavior tells you what needs fixing
~ Stoic
#NQ#NASDAQ $NQ #SBS
How to enter after Step 3?
Step 3 confirms direction and sets the Step 3 High or Low. Price pulls back. The PTB is the last pullback candle.
Bullish: buy stop above the PTB high.
Bearish: sell stop below the PTB low.
When price trades through it, the Entry triggers.
trading never gets easier
because taking risk is never easy
your goal is to get better at managing risk
so you can place bigger bets
~ Stoic
#NQ#SBS#STOICEDGE