Shorting 30 minute low breakouts
One of my favorite trades is the 30 minute low short. Stocks that spike down and have a weak bounce can be shorted on a break below the low of the first 30 minutes of the day. If the stock is also breaking below a consolidation level on the daily chart, the probability for a profitable short increases. Place your stop above the high of the highest bounce after the first 5 minute bar of the day. Today HAL was a perfect example of this trade.
Emini Day Trading /
Daily Notes /
Forecast /
Economic Events /
Search /
Terms and Conditions /
Disclaimer /
Books /
Online Books /
Site Map /
Contact /
Privacy Policy /
Links /
About /
Day Trading Forum /
Investment Calculators /
Pivot Point Calculator /
Market Profile Generator /
Fibonacci Calculator /
Mailing List /
Advertise Here /
Articles /
Financial Terms /
Brokers /
Software /
Holidays /
Stock Split Calendar /
Mortgage Calculator /
Donate
Copyright © 2004-2023, MyPivots. All rights reserved.
Copyright © 2004-2023, MyPivots. All rights reserved.