Saturday, January 23, 2010

Trading Plan: Trade all setups no matter how last weekday traded

  • Enter / Exit in a DP area from the 3 min chart or from the 1 min chart if there are 3 higher highs or lower lows
  • Wait for correct color on clv and rlv entries or if you can not resist making an chv or rhv entry trail stops after 1 min.
  • remember the best exit is a new DP area but this happens only on strong trends and if there are no targets from yesterdays extreme points
  • know roughly when markets are choppy, too volatile due to news and simply enter at the correct time IN a dp area
  • there is most of the time a 2nd or 3rd entry chance so dont be shy entering later





No comments:

Post a Comment