Steve, thanks very much for your comments on standing aside at
the opening unless there is a clean pattern with a tight
consolidation -- Do you apply that rule to gaps (assuming they
aren't too large) as far as entering a trade right after the
open?
Here's a nice setup I found this morning on the 5 minute chart
on IWM. It seems like it fits your criteria for a trade that you
can take as soon as the trend line is broken….
Steve -- do you apply your early trading rules to gaps the same way?
Opening Trading Discussion
Posted by puma on 17th of Sep 2014 at 03:17 pm
Steve, thanks very much for your comments on standing aside at the opening unless there is a clean pattern with a tight consolidation -- Do you apply that rule to gaps (assuming they aren't too large) as far as entering a trade right after the open?
Here's a nice setup I found this morning on the 5 minute chart on IWM. It seems like it fits your criteria for a trade that you can take as soon as the trend line is broken….
Here's the chart
puma..that was a very objective
Posted by steve on 17th of Sep 2014 at 03:43 pm
puma..that was a very objective intraday trade setup on IWM. Nice consolidation preceding the move.