Wednesday, November 2, 2011

RANGE BOUND DAY

A different approach tonight, a look at the Rth chart.  Unless a day opens at the prior day close, a Rth chart by nature will always show a gap.  PA stayed close to that "gap" for a range bound day.

For the signal method we are developing, there were seven signals today.  Two are listed as marginal, and will be regarded as a scratch or loss.  Yes they show some profit potential, but not for most traders due to the tight range after the entry.

The preference, of course, is for a signal at the beginning of a nice trend run, and we had those today.  Different look, same objectives; find the better trades.



No comments:

Post a Comment