Oh, c'mon, if it was this straightforward, everyone would be rich by now
I'd love to hold for years. That means the stock I hold has continued to trend in my direction.
Well, index futures expire every 3 months, so buy and hold technically doesn't work. Anyway, I too have held on to AMZN and few other tech stocks for almost 3 years back in 2001-2004. To this day, I regret having sold AMZN so soon.
In a similar vein to your chart, Darvas Box wouldn't be such a bad strategy IMO. However, the caveat is how would you know where the HIGH is until after the fact, without which you would not be able to draw the box? Because you can see from the chart, after it hits the resistance, the price often retraces back down to the support line (bottom of the Darvas Box).I would do something like this.
An old man was accounting manager in a company. Every day when he was coming to office, at his desk, he was opening the drawer, seeing something in it very carefully, then he was closing the drawer back. After twenty years of work at the same position, one day he died. After his funeral, his colleagues came to his office to check out what was in his drawer, they opened the drawer, in a piece of paper very bold it was written "Debit Left, Credit Right"
Oh, c'mon, if it was this straightforward, everyone would be rich by now
Also the stops are way too wide. I'm looking to swing trade just a few days at a time, not to become Warren Buffet and hold on for years.
BTW you drew in your support line (blue) AFTER the resistance line (red) has been drawn. This is obvious in hindsight but how would you have known that was the LOW in real time?
Maybe we're not on the same page or that you read the chart differently, but I don't use "fractal indicator" (whatever that means) nor do I consider 60 points as a mere "scalp stop". As for "atr 1 period", well, I'm a simple trader and prefer to stick to clean price action.
