Nov 22, 2010

OPPOSING BAR

OPPOSING BAR
Goal: gap up/down, pull to ema, 1st red/green opposing "IB" (body) bar: ignore IF INSIDE/OUTSIDE OR H/L (but best if tb @/near or b/d OR h/l) (2IB in a row all the better), and ok if only 2nd bar on 10 min, Idea is to trade +2 stocks per day, and as early as am as possible (by screening for +1R will limit daily opps)


Manage WL (Sort) by scanning pullback to EMA (ie, blue / red bars)
2 trades per day (10 per week): 50/50 w/l (coin toss); right +1.50R, wrong -1R = 2.50R per week


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