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Market king stgy |
ManjunathG White Belt
Joined: 07 Aug 2009 Posts: 32
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Post: #1 Posted: Sat Aug 07, 2010 11:55 am Post subject: Market king stgy |
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step -1The Bullish 20/20 bar is defined
by any wide-range period that has
its open price near the low of that
period and its close near the high
of that period.
We call it 20/20 because as a
general rule, the open should be in
step -2Bearish 20/20 bars form the basis of
many trading techniques.
Bearish 20/20 bars have more
significance when they occur ?after? a
decent move to the downside. We
look for at least one prior down bar.
The Bearish 20/20 bar signif |
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ManjunathG White Belt
Joined: 07 Aug 2009 Posts: 32
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Post: #2 Posted: Sat Aug 07, 2010 12:14 pm Post subject: |
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The stock should be down at
least two days in a row.
2. We need a wide-range bar on the
current day.
3. The open of the current day must
be in the top 20% of the day?s
price range.
4. The close must be in the botto
1 remain part bottom
20% of the day?s price range
1. If the stock gaps open to the
downside by $0.50 or more,
and then begins to rally back,
buy it $0.05 to $0.10 above
the previous day?s low.
Stock down 2
days in a row.
Stock gaps down
at the open.
Buy long at $0.05 to
$0.10 above |
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #3 Posted: Sat Aug 07, 2010 6:16 pm Post subject: Re: Market king stgy |
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Manju,
Can you please explain by few live (or at least dummy) examples. This would help us in understaning the concept better.
Regards,
Sumesh
ManjunathG wrote: | step -1The
Bullish 20/20 bar is defined
by any wide-range period that has
its open price near the low of that
period and its close near the high
of that period.
We call it 20/20 because as a
general rule, the open should be in
step -2Bearish 20/20 bars form the basis of
many trading techniques.
Bearish 20/20 bars have more
significance when they occur ?after? a
decent move to the downside. We
look for at least one prior down bar.
The Bearish 20/20 bar signif |
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satishb White Belt
Joined: 01 Mar 2009 Posts: 13
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Post: #4 Posted: Sat Aug 07, 2010 11:10 pm Post subject: |
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what is 20/20 bar,
SATISH |
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