Recently watched Jason Stapleton's seminar on his 2618 Strategy. Really enjoyed the Free lesson and encourage others to go see for yourself. Jason is straight forward and up front about the limits of his 2618 system. I applied his double top
rules to a trade I am currently long in to see how it performs. Peix
is in a strong uptrend, as the chart illustrates. So, this may be the worst case to even try and apply the 2618 system for a short in this particular stock at this particular time. As the examples highlighted demonstrate, shorting on a 30 minute time frame would not have been very profitable using the system. Despite this fact, I still found the information useful and interesting that every pullback started with a double top
just as Jason describes in the seminar. Thank you Jason for sharing your insights!