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Registered User Joined: 10/7/2004 Posts: 2,181
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Not suggesting a monster move (necessarily); but now is the time to begin a buy above the high daily approach. Stops could be .30, .29 or .25, depending on the amount of risk you want to take.
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Registered User Joined: 12/31/2005 Posts: 266
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"buy above the high daily approach?"
what exactly is that?
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Registered User Joined: 10/7/2004 Posts: 2,181
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conditional buy order one penny above the HOD using EOD data. Especially useful on a stock that shows the kind of buy signals that i like then pull back so that the highs of 3 or more days form a nice trendline.
Since I don't daytrade, I place my buy order after the EOD data comes in and I have made my picks (or next morning pm). If my order doesn't fill the first day and the high of the next day is lower, I move my buy order to a penny above the new, lower, high.
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