Nasdaq short on prior high, holding for two days
Backtests show that holding a short trade (after a prior high sell) was most profitable after at least two days.
The intraday strategy to sell below a 1 hour bar with a trailing stop above the high of the prior bar is often stopped out too soon.
When there are news released, price jumps up just to fall minutes later. Keeping that in mind and if you dont short uptrending markets or shorting into support the daytrading strategy is almost perfect.
The intraday strategy to sell below a 1 hour bar with a trailing stop above the high of the prior bar is often stopped out too soon.
When there are news released, price jumps up just to fall minutes later. Keeping that in mind and if you dont short uptrending markets or shorting into support the daytrading strategy is almost perfect.