On the 4th signal, 2 bars before the IFTW entry signal the stock closed below the EMA.These do also have good potential, but I avoid them because Price likes to fall down the the EMA right after a lot. On the 3rd buy signal, it is so insanely high above the EMA, stay out of these.I might of preferred the price to be a little closer to the EMA, but this works. Sometimes they work out, but I see a lot of failed trys when this happens. On the 1st buy signal, the price was already well on its way up before the Stochastic moved up.BUY and then hold until the stochastic would fall back down.
So the new plan was when price would fall down to the 21EMA, the price starts to turn around back upwards and the stochastic would jump up. I ended up landing on the IFT_StochOsc indicator (Shout out to for showing me this one). So then I needed a reason to enter, So I mixed in a few stochastics to figure out which one I like the best for this method. The 21EMA also offered to show when a stock was trending well. Eventually I settled on the 21 length EMA (Exponential Moving Average), I noticed that on almost all timeframes the 21EMA had a huge impact as a support and resistance line on price action. So I decided that I was going to buy into stocks that were already going up, but had a retracement that I could buy off of. Yes I had some really good trades that made me a lot of money, but at the end of the year I could never keep a winning balance. So after years and years of trying to accomplish this and master it, I only ended up losing money in the end. But we all know the notorious "bounce then keep falling" routine lol. So I figured when I was searching for stocks, I would try to find stocks that have had big fall backs, then I would try to find some type of resistance and buy when it bounces off. So when I started trading, I use to always "buy the bottom" and "Sell the top". I get asked for my strategy a TON! so I'm going to just share it here to have a place to direct people.
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