Historically indices are well supported and indexes usually rise over the long term.To make profit buy at supports of major indices.Supports are at least two trough bottoms on daily or 4 hour charts. This strategy is buy at index supports (horizontal , up trend line and up channel) ,sell high.It will be highly profitable ,if used correctly.Supports are historically good areas to buy ,patience is required to wait for a day or a few days or even a month ,for the trade to go into profit.Buy at bottom of supports in ranging markets. This is not a breakout strategy ,only 10 % are uptrend trades ,they are only traded after a successful trend breakout and tested and retest of new trend breakout.Rest of the time 90 % buy at supports on pullbacks. Buy a weekly or daily or monthly put option as a protection for a long trade .There is the cost of the options to be deducted from profits , but this cost gives the holding power to hold on to your trade , for almost a week or month.Put Option prices costs are half the volatility , so one can make money on other half.
Before opening trade read context to see support /resistance ,if context is good buy near support and close end of day on daily but weekly run it for days.
Submitted July 09, 2017 at 06:45PM by Roger_Wilson http://ift.tt/2tXMWSM
