You are on page 1of 2

50SMA = 50 day simple moving average LH5 = Lowest High of the past 5 days ATR(10) = Average True Range

ge of the past 10 days ADX(14) = Average Directional Index based on past 14 days Swing Low = Any low with at least 3 higher lows than the Swing Low day low and 3 higher highs than the Swing Low day high on both sides of the Swing Low day Setup Rules A.50SMA is going down A. B.Point 3 Low < a Swing Low (Point 1) B. C.LH5 > (Point 1 Low - ATR10 * 0.50) C. D.Close > LH5 D. E.ADX14 > 20 E. Entry & Exit Orders Entry Order: Buy at close of setup day + ATR10 * 0.20 Limit * Initial Stop: Sell at Point 3 Low * 0.995 Stop Trailing Stop: Sell at LL2 * 0.995 Stop Profit Target Exit: Exit 1/2 position at Entry Price + 2 ATR(10) Limit
!"#$%&'()*+*,%"-&).*/012*3145* !"#$%&'()*+*,%"-&).*/012*3145 * 666578%9:)78.):%$54";*

Definitions *

50SMA = 50 day simple moving average HL5 = Highest Low of the past 5 days ATR(10) = Average True Range of the past 10 days ADX(14) = Average Directional Index based on past 14 days Swing High = Any high with at least 3 lower highs than the Swing High day high and 3 lower lows than the Swing High day low on both sides of the Swing High day Setup Rules A. 50SMA is going up B. Point 3 High > a Swing High (Point 1) C. HL5 < (Point 1 High + ATR10 * 0.50) D. Close < HL5 E. ADX14 > 20 Entry & Exit Orders Entry Order: Sell short at close of setup day - ATR10 * 0.20 Limit Initial Stop: Buy to Cover at Point 3 High * 1.005 Stop Trailing Stop: Buy to Cover at HH2 * 1.005 Stop Profit Target Exit: Exit 1/2 position * at Entry Price - 2 ATR(10) Limit
!"#$%&'()*+*,%"-&).*/012*3145* !"#$%&'()*+*,%"-&).*/012*3145 * 666578%9:)78.):%$54";*

Definitions *

You might also like