- Know in advance where you move you stop to breakeven, this way you will not enter short trades run into support 1 sec. after entry. As all short entries are either breakdowns or pullbacks with enough room to the last support level, so there is always time and space to place a breakeven stop before price reaches the support level
- Continutation Trades can be made on pullbacks to the moving average line
- Continuation of a long trade can be made above the price that stopped you out
- Dont enter on inside bars but with a sell stop order below a red bar that has a higher high than previous bar
- On countertrend trades wait till there is a red dot before looking for red bars and trendline break to short
- Waiting for a close above a trendline to go long
- Keeping the Stop below the blue entry bar
- If the high of the last blue bar is too far away after a trendline break, wait for a pullback or for a new blue bar.
- Trail stop on trendline
Sunday, March 28, 2010
Trading Plan: Important Entry Rules
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