Thursday, June 7, 2012

Wake Up and Make Money Strategy

6/8/12-6/15/12
Wake Up and Make Money Strategy (Testing Stage)

Next Week, I will be testing a new strategy for short term trading.  My goal is to get an accurate reading of what direction the stocks are moving. I also want to make money when right when I wake up in the morning. I will be using the 4 hour, 2 hour and 1 hour charts to determine what direction of the stocks.

Strategy Rules
  • ·         Only Trading between 7:00 and 9:00
  • ·         Only using 4, 2, and 1 hour charts
  • ·         Stochastics have to be pointing in the same direction
  • ·         MACD have to match Stochastics
  • ·         Trade in trend