Leisurely One Hour Bar Breaks

...cont'd from yesterday...

Cont’d discussion about The Compleat Guide to Day Trading Stocks

One-Hour Breakout.

Plot the 5 minute bar’s closing price for the first hour of trading to establish a zone.

A breakout from that zone to the upside is a buy signal.

A breakout to the downside is a sell short signal.

Open positions are exited with a trailing stop based on the 5 minute closing price of the prior bar.

This seems quite leisurely..

...cont'd tomorrow...

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