Thursday, May 2, 2013

Visa trade - how you can play it later too

This is one way to play it at open, the way I usually play it, start above the 1st bar 5 min high, then exit when it goes below the prior 5 min bar low.

Since 1st 30 mins are very volatile, you can also play such patterns much later. See where I have put B2/S2 on the 5 min chart, play on a small pullback and exit as usual. Your stop is always low of the prior 5 min bar.