Showing posts with label gap open real body buy setup. Show all posts
Showing posts with label gap open real body buy setup. Show all posts

Thursday, 26 May 2011

USDJPY: Gap Open Real-body Buy Setup

Rules of the setup:
  • Must have a lower low
  • Must open below the low of the previous real body (consideration of this point can be taken to 5 decimal places) i.e. opens below the previous close
Entry would be effected upon break of the high of the same period; stop at the low.