DAILY TRADES using a method that works will be posted here. Daily trade totals and a weekly tick count of both positive and negative trades will be listed. We will grow this account.
Trade Times: 9:30 a.m. until 4:15 p.m. unless in a trade that is not yet finished.
-- Entry:
When VMA is penetrated by price and moves down in value = sell
When VMA is penetrated by price and moves up in value = buy
Set LIMIT BUY 1 tick BELOW BAR Price on the close
Set LIMIT SELL 1 tick ABOVE BAR Price on the close
(Essentially, we wait for price to pull back two (2) ticks to trigger our limit order before moving in the trade direction)
-- Exit:
Set Buy/Sell Stop within one (1) Tick of the nearest Weekly Fibonacci Line. If the Fibo line next Fibo line is Less Than 4 ticks away, then trade the price through to second fibo line.
Note that you will see that more ticks are possible in most trades presented. However, we Take Profit and exit the trade at the next higher or lower fibonacci line. Trade two contracts and the 2nd contract could be your runner.
COTtrader
"Ken"
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