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  • Morning Ohol Trend

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    selvan
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    This document provides guidelines for going long or short based on the opening price relative to the previous close. It recommends going long if the open is below or equal to the low and above the previous close, or if the open crosses above the previous close. For going short, it recommends doing so if the open is above or equal to the high and below the previous close, or if the open breaks below the previous close. The stop loss for long is 0.05 below the low and for short is 0.05 above the high, with targets being the open or an amount based on comfort.

    Original Description:

    good strategy

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    This document provides guidelines for going long or short based on the opening price relative to the previous close. It recommends going long if the open is below or equal to the low and above the previous close, or if the open crosses above the previous close. For going short, it recommends doing so if the open is above or equal to the high and below the previous close, or if the open breaks below the previous close. The stop loss for long is 0.05 below the low and for short is 0.05 above the high, with targets being the open or an amount based on comfort.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    3 views1 page

    Morning Ohol Trend

    Uploaded by

    selvan
    This document provides guidelines for going long or short based on the opening price relative to the previous close. It recommends going long if the open is below or equal to the low and above the previous close, or if the open crosses above the previous close. For going short, it recommends doing so if the open is above or equal to the high and below the previous close, or if the open breaks below the previous close. The stop loss for long is 0.05 below the low and for short is 0.05 above the high, with targets being the open or an amount based on comfort.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Compiled by SmSTricks4U

    Morning OH/OL Trend


    Check for following conditions:
    Go Long:
    Condition -->
    1) OPEN = LOW > PREVIOUS CLOSE
    2) OPEN = LOW < PREVIOUS CLOSE THEN WAIT FOR
    PRICE TO CROSS PREVIOUS CLOSE AND THEN ENTER
    Stoploss --> Low - 0.05

    Go Short:
    Condition -->
    1) OPEN = HIGH < PREVIOUS CLOSE = SHORT
    2) OPEN = HIGH > PREVIOUS CLOSE THEN WAIT FOR
    PRICE TO BREAK PREVIOUS CLOSE AND THEN SHORT
    Stoploss --> High + 0.05
    Target --> Open target or Exit as per comfort.

    Compiled by SmSTricks4U

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