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Will do KingFish. I had planned to this week but forgot it was the week after July 4th so it's been very low volume and little movement.I doubt it will be much better til September.
I traded it pre-market (for just 1-point only) and it did well. Then another good trade off after a 10:00am reversal. Could have gotten more than 5-points on the runner, but I thought price would hit resistance at 50% of the down-move.
Anyway, folks should play around with this entry technique.
Update: I really didn't have time to test this more this week but in reviewing my charts at the end of trading I can see this WILL WORK if hard rules are written and followed.
I see a way to get in the trade earlier but with added reward comes added risk so I'll continue to work on it
Plan: Enter on 2nd histogram bar above 0. From entry to high would have netted a +5.25. You never get 100% of the trade so 50% would have netted you a + 2.5.
Notice the simplicity of the chart.
I'll follow up with another image of a chart with less indicators.
