RE:RE:BTE Daytrading StrategySo what are you saying? That the PROspect of PROgress after mothership rePROgramming has been sucessful in the PROpagation of PROdick to PROfessional? Please do not PROgnosticate or PROlong the transition .......PROmise?
This trade worked exactly as expected today. BTE opened ... order filled $0.03 below the open price .... waited 25 mins then moved stop up 0.1 and got stopped out .... kinda of like it was scripted by us market PROfessional manipluators eh? Chart below:
PROdick raises a valid point re stop hunting pre a runup so I give him PROps for that. I had to make the initial post foundational rules simple for a PROticular BTE bullboard readers and their PROtegee's or alia(s).
To further eludicate the Stretegy in order to increase PROfit PRObability: If BTE gaps up on the open then favor long as the original strategy detailed HOWEVER this
assumes that the gap up is not into oversold on the 30 min chart. Buying on oversold is not usually advised (rare circumstances possibly to be disclosed later) so make sure you have that stop moved up quickly if that is the circumstance like today where BTE gaped up into oversold on the 30 min timeframe chart so I moved the stop quick anticipating a oversold sell off to protect profits and got stopped out today. WOW what a surprise.
IF BTE gaps down on the open then favor the short ie reverse strategy including the gap into oversold nuance.
Always watch WTI to modify these rules/subrules real time. There are further subrules that may be addressed if challenged further.
Perhaps I'm now a 3-bit trader? PROdick you are still a nutbar factor 10.