6/27T1:09 Rules of the Road update

Rules of the Road (Formerly known as Trading Technique): Day Trading...

1) Determine the direction we want to trade based on the daily charts. If the daily chart is positive than we only try day trades in the buy direction and vice verse.

2) Use the 60 min. chart to initiate the position. We must have all three indicators going in the same direction and at the beginning of the move in that direction.

3) Use the 15 min. chart to book gains. As soon as the 15 min. gives a signal contrary to the 60 min. then get out of the position.

4) When using 60 min. or 15 min. charts we must only make decisions at the end of the bar. We DO NOT react to the possibility of where we think the bar will end up. Only react to reality at the end of the bar.