Trading Process in a Day
— 2 trades on each index, we wait for trend to develop, if presumed trend
reverses, we stop out and potentially trade reversed trend if criteria is met —
DAX — NASDAQ —
— we draw the trend on the 2 trade on the 3
— factor in bias of the market on the 89MA
— place an order on presumed 3rd touch
— risk 8pts on each index
— never interfere once trade has opened
— add to winners
—never do market trades, only orders on where the 3rd line will touch
-only take trades your confident in
— only trade the larger trend (3 bars minimum) , notice how the image of the
trend below occurs over 5 or more bars, refine your identification of the larger
trend.
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Only begin trading after the open
We need to be both a trend and range trader
For ranges, simply buy and sell on the break of the trend