Limit Order on retracement

...continued from yesterday...

Limit Order On Retracement. You enter a new position only if price experiences both a breakout followed immediately by a retracement of a certain amount in the opposite direction. In the given example, this requires that price first goes above 1200 and second falls below 1200 by an arbitrary amount selected by you (e.g. 33% of the day’s price range) at which point you enter on limit at that price.

...cont'd tomorrow...

Copyright 2007 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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