One thing you could adapt for gaps: an opening range rule where
you take off your stop pre-market and then wait to see if there's
downside follow-through on a 5m or 15m range. There wasn't on JMEI
today - it shook people out on the open and didn't look back. Heck,
it never went below the 1m low. Hope that's helpful.
One thing you could adapt
Sometimes you make all the right moves and can still lose $$$
Posted by a_l_ on 4th of Apr 2016 at 11:48 am
One thing you could adapt for gaps: an opening range rule where you take off your stop pre-market and then wait to see if there's downside follow-through on a 5m or 15m range. There wasn't on JMEI today - it shook people out on the open and didn't look back. Heck, it never went below the 1m low. Hope that's helpful.
Interesting thought...and helpful. Thanks.
Posted by RichieD on 4th of Apr 2016 at 01:51 pm