Monday, August 23, 2010

My Edge 3

1. B: Big Picture: Compare the stock at large time frames (daily charts). See whether if the stock is in the upper or lower range. Compare the stock with the index. Dtermine the DD and SS levels with the index and aim to distinguish quality demand and supply levels when compare with index.

2. S: Strength: Gaps or big candles.

3. P: Profit margin: 3 to 1, the extent of the move. Need not be to my target.

4. T: Time: Few candles, short time.

5. R: Retracement: 1st retracement (Fresh level)

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