Good day for us.
$AXAS alert yesterday for just spot on. Entry at $3.70 was a bit too high and I worried that the pendulum should move back after this upswing. In fact, that's what happened, but we still had time to exit on time and harvest healthy 3.5% profit in 35 minutes of morning trading.
Why did you decide to enter at open vs wait for the 3 min candle? Were you tracking premarket volume and price and anticipating a gap and run?
ReplyDeleteAnswering your question - I always wait the close of first 3-min candle. I never enter at open, menaing 9:30am. Earliet it is 9:33 and few seconds that takes to click a button and process the order.
ReplyDeletePremarket volume - i dont track. I run stats on it and its not relevant. at least it never worked for me.
I know a night before what I will be trading next day and at market open I am waiting for the first 3-min green candle. By the way, candle closing flat (open=close) doesn't count as green
A very detailed review.
ReplyDelete