Entry Order
Once a Reversal Signal shows up on the chart place a stop entry buy order one tick above the bar or pattern (for bull). The closest logical stop goes below the bar or pattern – a bar/pattern stop.
for NinjaTrader® – Forget Squiggly Lines!
Once a Reversal Signal shows up on the chart place a stop entry buy order one tick above the bar or pattern (for bull). The closest logical stop goes below the bar or pattern – a bar/pattern stop.
Inside bars (by definition) are completely overlapped by the prior bar and must be considered to be a small trading range. This usually makes them poor Signal Bars, unless they occur with trend or meet a couple more criteria. Continue reading “Inside Bars”
There are several ways to enter a trade on a reversal signal. All have advantages and disadvantages and finally depend on the market context and the trader. This post only represents a small selection of possible entry methods and doesn’t cover scale-in type of trade entries or trading a penetration of a micro trend line.
To find reversal signals, you can use the Reversal Signal Bars indicator. Continue reading “Reversal Signal Entry Strategies”
As a Day Trader horizontal Support and Resistance from the current and prior day are your main concern.
You can use the “Day Trading Support/Resistance” indicator for NinjaTrader Continue reading “Support & Resistance”
As a Day Trader horizontal Support and Resistance from the current and the prior day (HOY, LOY and COY) are your main concern.