Saturday, December 8, 2012

Trading Plan: Enabling strategies when certain events happen

In the morning (after 2 am): I enable these strategies:

buy low sell high to buy after 2.30 am a new low that is not below prior days low and to sell after 5 am a new high
buy low sell high prior to buy below prior days low if the price moves up again
long after open to buy below the 3 min bar after 3 am

I also watch if the buy 50 percent and abovebelow strategy would enter a trade.

After 7 am usually a trend strategy either a reversal or trend continuation can be setup based on current market situation.

After 8 am I enable these strategies:
long after open on crude oil to buy if price is above prior days high
short after open on crude oil to sell if price breaks below the opening bar

After 9 am I enable these strategies:
gapfill and outsidegap (if price is above or below prior days high) so the strategy goes long above the 10.03 am high on nasdaq
outsidegap (if price is above or below prior days high) so the strategy either goes long
above the 9.51 am or 10.03 am bars high on dow

when there is a chance to continue a trend at the 50% level on a 30 min chart I enter on a low risk 3 min entry signal:


in general its not wise to short after a blue (bullish day), only if price is again above prior days high:



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