Taking a hybrid signal we have pulled back to the same range as thurs jan 5th where we had an earnings based gap up wedge pop , I am calling this a hybrid signal because we have not bought the day of the wedge pop but rather waited for a subsequent area of interest were we may be oversold . I may be making a mistake in the sense that this is not back tested but that being said I am going to track these setups and label them as hybrids WP's on a separate compilations and I took a normal size here but I think I will take a smaller size for any future hybrid signals , at least until I have a generous amount of trades to look at standard Wedge pops vs this hybrid delayed signal .
Here's what I am going to follow as a hybrid entry rules .
Price needs to within the daily range of the original WP which was not entered
Price needs to be set to close higher than prior day in the last 30 min of day
The trade should not be forced
The stock must meet my TT's list requirement ( 2/2 gap open , great RS , tightness apparent in characteristic of moves )
The goal of the hybrid setup is to essentially have the opportunity to enter something that was missed perhaps due to an RTM status of the market , I am going to label all my Hybrid entries on the title to help me analyze results .
Here's what I am going to follow as a hybrid entry rules .
Price needs to within the daily range of the original WP which was not entered
Price needs to be set to close higher than prior day in the last 30 min of day
The trade should not be forced
The stock must meet my TT's list requirement ( 2/2 gap open , great RS , tightness apparent in characteristic of moves )
The goal of the hybrid setup is to essentially have the opportunity to enter something that was missed perhaps due to an RTM status of the market , I am going to label all my Hybrid entries on the title to help me analyze results .
艾力克~