This is from 'Streetsmarts"
ADX Gapper strategy > It gaps down below yesterdays low and then recovers...
place buy stop at old low with stop below todays low.
I think its fairly high risk strategy, but low risk / low probability profile is acceptable if have a
compensation of reward being much larger ( eg > 2:1 )
See how it goes today.
Some added comfort that its made a new 11 day low, which may add some 'break-back' potential power...
ADX Gapper strategy > It gaps down below yesterdays low and then recovers...
place buy stop at old low with stop below todays low.
I think its fairly high risk strategy, but low risk / low probability profile is acceptable if have a
compensation of reward being much larger ( eg > 2:1 )
See how it goes today.
Some added comfort that its made a new 11 day low, which may add some 'break-back' potential power...
Trade closed: target reached