Here is the chart for yesterday. There are two clear entries- one Long and one Short, each netting a minimum of 30points. The short trade can use trailing stop to capture maximum down move (total decline 100 points). This is the plain version.
I am using Bollingger Bands in 30min chart. The system in short is..
- Enter in the direction of 30min chart BBMA trend
- Be alert when the price pulls back to BBMA line
- Enter when stochastics in 5min chart crosses up/down
- Target exit when the price penetrates the up/down channel line in BB
Again, the key here is to have 'patience' until there is a clear signal.
1 comment:
Hi Leo ,
Just ran across your blog. Will be popping in once in a while. Good trading to you. Noticed you in the T2Win chat room on Monday.
take care
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