The first job of the Trader is to design Trade Plans with Positive Expectancy that fits their beliefs. The second job is to execute and trade that Trade Plan using the right Position Sizing that meet Objectives, and feel good about it. It is my belief that if you consistently do these 2 things, you will have set a solid foundation to achieve your Objectives.

Wednesday, March 18, 2015

Entry Method #8: Special Bounce Strategy


Here, Strong Support is defined as 50, 100, 150 or 200-day SMA.
Conceptually, there is no reason why we cannot use Other very strong support as well (e.g. confluence of Fibonacci Supports with Horizontal Supports, etc.).
Supporting momentum indicators helps.  Broader trend momentum helps. 

Click here for Adam's 2 postings on this topic - Special Bounce Strategy and Examples of Special Bounce Setups.
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