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  • Sr. No 1 2 3 4 5 6 7 Leg Out Rules: Specifically For Gaps and 1st 60 Min Candle

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    courier12
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    The document outlines rules for legging out of positions based on the size of the gap and the candlestick patterns in the first 60 minutes of trading. It specifies different leg out rules depending on whether the gap is less than 1 average true range (ATR), between 1-2 ATRs, 2-4 ATRs, or over 4 ATRs and what the candlestick looks like in the first 60 minutes. The rules also address how to handle situations where both the gap and first 60 minute candle meet certain size thresholds.

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    ATR rules

    Original Title

    Rules

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    The document outlines rules for legging out of positions based on the size of the gap and the candlestick patterns in the first 60 minutes of trading. It specifies different leg out rules depending on whether the gap is less than 1 average true range (ATR), between 1-2 ATRs, 2-4 ATRs, or over 4 ATRs and what the candlestick looks like in the first 60 minutes. The rules also address how to handle situations where both the gap and first 60 minute candle meet certain size thresholds.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    11 views4 pages

    Sr. No 1 2 3 4 5 6 7 Leg Out Rules: Specifically For Gaps and 1st 60 Min Candle

    Uploaded by

    courier12
    The document outlines rules for legging out of positions based on the size of the gap and the candlestick patterns in the first 60 minutes of trading. It specifies different leg out rules depending on whether the gap is less than 1 average true range (ATR), between 1-2 ATRs, 2-4 ATRs, or over 4 ATRs and what the candlestick looks like in the first 60 minutes. The rules also address how to handle situations where both the gap and first 60 minute candle meet certain size thresholds.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    Leg out Rules: Speci Sr.

    No 1 2 3 4 5 6 7

    Gap < 1 ATR >1 ATR & < 2 ATR < 1 ATR > 1 ATR & < 2 ATR > 2 ATR & < 4 ATR Does not matter > 2 ATR & < 4 ATR

    Leg out Rules: Specifically for Gaps and 1st 60 min candle 1st 60 min Candle < 1 ATR < 1 ATR > 1 ATR & < 2 ATR > 1 ATR & < 2 ATR Does not matter > 2 ATR & < 4 ATR > 2 ATR & < 4 ATR

    Gaps and 1st 60 min candle Combined < 2ATR < 2 ATR < 2 ATR > 2 ATR > 2 ATR > 2 ATR > 4 ATR

    60 min candle Base No zone No zone No zone Base of Gap Base of Gap
    Body of 1st 60 min Candle - Entry method to be identified via Breakout Strategy BOTH Base of Gap & Body of 1st 60 min Candle - Entry method to be identified via Breakout Strategy

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