I am guessing these are the rules for a single trade.....yes ??
"Buy at 9.6, stop set at 8.9, if price moves above 12.5, move stop to 10.5 (then ride it up until you are stopped out ??).
Does that reflect your 'blind trading' techniques ??
I like your style Beany
1- yes, a typical VSA entry point on low volume, or enter on the response to a low volume bar the next day.
2- the volume does not correctly line up with the bar, but I know what you mean.......another low volume entry.
3- on a momentum trade yes I know what you mean.
4- I'm not so keen on, as there has been some selling pressure come in, and price is on the decline. It is a narrow spread downbar, and it did work......but as this stock was following the price of oil as well, the crude chart would also need to be checked.
................................
so I like two bars where price was screaming out to be bought, either late on the day, or early the next day (if price was responding as expected).
The second one is a bit counterintuitive, but if you think about it, and what had gone on before it arrived, it should make sense (if not let me know and I can step through it in some more detail).
