Saturday, February 18, 2012

Trading Plan: 2 Setups per Day / Instrument


Just above last swing high or low there is a Decision Point Area, only in these areas I consider looking at new setups:
1. Trend Re-Entry at DP Area, 50% or Double Bottom
2. New Elliotwave Setups (AB Correction) with typical wave 3 Target (pink on chart)
3. Reverse in DP Area with Target 50% of prior move or the opposite DP Area
(short trades should be either entered at DP areas from prior day high or below current day 50% line)

No comments:

Post a Comment