Hit and Run Trading Basics
Swing Trade Entry/Exits
Swing Trades include the name of the pattern plus the entry trigger and stop loss.
The target and trailing stops are managed on the Hit and Run Private Twitter Feed.
Typically we scale out of positions and use a trailing stop on the balance.
Below are two examples:
New Day Trade Ideas
AMD long
Pattern Holy Grail
Entry trigger 153.60 or an Opening Range Breakout (ORB). A breakout (above the first half hour’s high or below the first half hour’s low in the case of shorts).
Stop 1.25
New Swing Ideas
BIDU short
Pattern 180
Entry trigger 118.80 or a down ORB
Stop 2 points
New day trade and swing ideas are also initiated during trading hours on the Private Twitter Feed.
Swing Trade Gap Rules
A 2 point opening gap on a swing trades negates the entry.
Day Trade Gap Rules
A 1 point opening gap on a day trade negates the entry.
However, if a setup triggers an Opening Range Breakout the trade is taken.