Thursday, July 26, 2012

Methodology: Trade the Trader’s Infection Points (TTIP) for intraday emini ES.

Step 1: Find other trader’s infection points on a wider time frame:

  • pivot points
  • 30min BO systems
  • 1 full point from top (bottom) in anticipation of reversal
  • Previous HL
  • SMA,EMA200
  • Fib levels
  • Other publicly known S/R levels

Step 2: Idendify R-E-S-T (risk, entry, stop, target) on shorter time frame.

Step 3: Apply Z-turn concept on shorter time frame.  Prepared to get stopped out a few times in a row.

  • Close above IP’s H for long
  • Take profit when target hit or follow the trend until current bar closes below the previous low.

No comments: