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Friday, 01/05/2018 2:43:13 PM

Friday, January 05, 2018 2:43:13 PM

Post# of 17576
Higher High/Higher Low plan explanation for Big Boards:

A buy signal comes when a stock or etf you are following breaks previous days high. You buy on the break of previous days high and then use a break of LOD (low of day) as your stop on day one entry only, just in case of a false buy signal, limit your loss....Now each day going forward, you must see your stock or etf put in higher highs and higher lows to stay in it, simple. Each day you change your stop to a break of the previous days low to get out and limit your loss or save your profits.

This plan allows for big runners day after day and limits losses and protects gains with a stop that gets moved higher and higher each day. It also stops you from catching falling knives and getting all cut up.

Just ask if you have any questions....

Same plan can be used in reverse when shorting, Lower Highs and Lower Lows....stop out when previous days high breaks...only stay in if seeing Lower Highs and Lower Lows.....


Do this paper trading and see how you make out.....practice practice practice it on paper for fun....repeat...see how you do...

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