Trying new strategy. My goal is to find a strategy that is:
- High volume, easy in-out trades.
- Occurs many times during the day.
- 1m chart tradable.
- Can be scanned down via TC.
Essentially: I am looking for extended 1m runs that are in range of resistance on high volume stocks that can reverse. I wait for what looks like False Breakout, then set up the order (without executing it) and wait to see if it starts to reverse. Should be at least 3 R's worth of possible reversal range. The moment it looks like its a reversal (with Stop above the tail of the extreme), activate the order.
Current personal goal is the same as always: LET IT RUN. Look for levels it might reverse around (like L2 in the image below), but also don't be a tick dick.
