http://hardrightedge.com/dor.htm
Thursday, 3 April 2008
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Saturday, 29 March 2008
The key to this strategy is to trade in a choppy market by decreasing the time frames and ctaching longer trends on smaller time frames. My way of fighting a choppy, low volume market. I wanna scan for high volume gainers/losers, dollars gainers/losers. I wanna see a stock moving in a strong trend up or down and catching wedges, pennants or flags(which typically depict the 50% mark:'the pause that refreshes' in a trend and catching those plays. A STOCK NEEDS TO BE IN A TREND, that's the key to this strategy. I'll toying with it next week. Unless we see strong directional movement and i'll increase my time frame to 5-10min and try and ctach bigger moves.
Please read this link and you will see the method behind my madness:
http://www.chartpatterns.com/flagsandpennants.htm
Trade Smart!
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