03-12 PT

My System

1. Gap +/-
   
2. OR h/l B/O
3. +2 bar P/back (lo lo/hi)
   
4. TB - 1st r/g tag ema
5. PB must be b/b tail (hammer/doji)
6. TB - textbook hammer/doji, engulfing, close strong, hi hi/lo (PB not textbook doji/hammer)
   
7. TB trig outside OR h/l
8. EMA must be rising/falling, not flat
9. +1R fib target (prior day h/l to OR h/l)
10. TB s/b NRB (bigger R)
11. Immediate F/T (next bar) - no stalling
12. Want lively bars, not tight, tiny, difficult to read
13. Once in trade, place exit stops and walk away from cptr!!
14. PB must not be b/b hammer/tail if short/long
15. Ignore Naz - trade what I see on c/stick stock charts
16. Overall chart bull/bear (tails)
17. If PB bull/bear, ok if TB engulfing!
    

Avoid

1. Already tag fib
2. EMA flat
3. TB inside OR
4. Only 1 bar p/back
5. No roller-coaster TB - 1st r/g tag ema
   
6. TB not the 1st r/g bar tag ema
7. P/back must be orderly, not sloppy (1 red, 1 blue, 1 red, etc) - lower lows and highs!
8. Be wary of large OR bars - most need time to digest big gains