Hi Everyone! If our Green RSI continues going up the next 5-Day candle beginning 1-Day and 23-Hours from now, the indicator “conditions” will increase the odds to run up within proximity of the white/aqua upper b-bands. I’m not necessarily expecting expansion of the B-Bands in the 5-Day time frame the next candle due to how low the Blue LSMA is below Level 50. Therefore, if a scalper, you may consider taking profit within proximity of the white/aqua upper b-bands.

If you are already in a long position from the white/aqua LOWER B-Bands, you may have already taken 33% to 50% profit at the B-Band Basis; while letting the remaining 50% to 67% ride to what may potentially be the white/aqua UPPER B-Bands in the 5-Day time frame. Should you consider leaving a margin long open if we manage to reach the white/aqua upper b-bands? I would take at least partial profit there as well if you think the price could continue running up higher. Just know the Red RSI inside Phoenix Ascending indicator needs to run up to the white/aqua UPPER B-Bands to help hold SUPPORT for the price action to maintain the price levels around the white/aqua upper b-bands inside the Bad Ass B-Bands indicator.

Don’t feel like you have to knock it out of the park all the time! Be willing to take profit if you don’t see the Phoenix indicators providing support for the price action to be where you would like for it to stay and continue going higher.

We should know when our indicators are telling us increased odds is present to run UP from the white/aqua lower b-bands to the yellow b-band basis; where we potentially take profit.
We should know when our indicators are telling us increased odds is present to run UP from the white/aqua lower b-bands to the white/aqua upper b-bands; where we potentially take profit.
We should know when our indicators are telling us increased odds is present to fall DOWN from the white/aqua upper b-bands to the yellow b-band basis; where we potentially take profit.
We should know when our indicators are telling us increased odds is present to fall DOWN from the white/aqua upper b-bands to the white/aqua lower b-bands; where we potentially take profit.

Sometime, the indicators will not be clear UNTIL THE NEXT CANDLE (after you have opened your position) if the price action has increased odds to continue going UP from the Yellow B-Band Basis to the white/aqua UPPER B-Bands if in a long position.

Sometime, the indicators will not be clear UNTIL THE NEXT CANDLE (after you have opened your position) if the price action has increased odds to continue going DOWN from the Yellow B-Band Basis to the white/aqua LOWER B-Bands if in a short position.

BOTTOM LINE: We should be familiar enough with the indicators to determine WHEN to open a long or short position; will our TARGET be the Yellow B-Band Basis, white/aqua upper or white/aqua lower b-bands; create plans to take full profit or partial profit once a target is reached by seeing what indicators look like with new candles; determine where we set our stop loss to keep losses small and gains large.

When using these indicators, you should know WHERE you will open a trade, WHERE to set your stop loss and WHERE to take full or partial profit on the trade BEFORE YOU EVEN EXECUTE (open) THE TRADE.

COVER CHART FOR PUBLICATION:

8-Hour Time Frame:

Text Bubble in 8-Hour Time Frame:
We may hang out around this Red Diagonal Trend line (above or below) for a little while
because of how much more room remains for the White Energy to go down to Level 50.