Thursday, July 18, 2013

July 18:

One of my top patterns, assuming the Market signals are confirming is simply a TL break on the 5 min candles and then a small double top/double bottom

Here's the short in /tf

There was also a simply TL breakout premarket that caught the entire upside -- always worth taking since the risk was around 8t max.

/tf: runs in the morning - sets up short in afternoon
Here's a long off /nq -- using same TL break + backtest on the same day.

Simple pattern, easy to manage risk.   Use know sup/res. as targets or just trail.  Never have to risk more than 9t max.

No comments: