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AAPL Analysis 5-26-19
Today we cover a brand new strategy that takes advantage of the 21 Day Simple Moving Average as a "Risk on or Risk off" indicator.
The idea is that PayDay Cycles will be longer to the upside when AAPL is above the 21 day simple moving average.
Here are the strategy rules, let me know what you think!
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Buy Rule: Buy when AAPL starts a new PayDay Cycle (first green heikin ashi bar) but only if AAPL is also above the 21 day SMA.
Sell Rule: If AAPL is above the 21 day SMA and you get 9th bullish days in a row take your money and sell.
Sell Rule: If AAPL is below the 21 day SMA and you get 3rd bullish day take your money and sell.
Sell Rule: Sell when the PayDay Cycle ends (first red heikin ashi bar).
Let me know your thoughts in the comments below. Thanks in advance!