Usually I wait till the dow, nasdaq or S+P gets to a 10 Min Decision Point area during the opening hour, however if there is a trending market, its wise to simple go long at double bottoms or at least on a breakthrough of the 10 min DP area, not expecting a reversal but trend continuation:
So there are 4 setups to wait for:
- Either the price is at a double bottom situation on the 24 hour chart (in the DP area)
- Price reached a DP area on cash market session chart
- or there is an AB correction on the 10 Min Chart
- (very seldom) a 50% pullback on the prior swing allows another entry
If prior day opened with a gap up its on most days profitabel to go long in the US session on the next day.
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