What is a “TRIPLE BUY”?
For Short Term Day Trading, we use a “Triple Buy Signal” from the 60-minute Chart. A Triple Buy should be for a Day Trade, or to get in early on a Daily Swing Trade, which normally last 3 days-3 weeks. Wait for the 60-min Chart (below) to at least cross up above the Pink Dotted Line (10-hour average), and preferably a “Triple Buy” with 3 Green Circles:
1. Above the Pink Line.
2. Above 20 on Money Wave.
3. An MACD Buy.
To shop for a better price during the day on a Swing Trade, many will go to the 60-min chart and look for “Triple Buy Signals”. Buy in advance of the Close, but only if the Daily Money Wave is going to Close >20.
The trades usually perform better if the Volume is High. The Red Circle is Waiting for the Signal and 3 Green Circles means a “Triple Buy” has occurred.
