- 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
Saturday, January 23, 2010
Trading Plan: Trade all setups no matter how last weekday traded
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