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
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.