Traders Laboratory - View Single Post - The "Flip" Trade (support and resistance changing roles)
View Single Post
  #3 (permalink)  
Old 05-06-2007, 11:35 AM
walterw's Avatar
walterw walterw is offline
walterw is The Trader Chimp

Trader Specs
 
Join Date: Nov 2006
Location: Argentina
Posts: 2,135
Thanks: 0
Thanked 29 Times in 21 Posts
Re: The "Flip" Trade (support and resistance changing roles)

Brown : I noticed that in great momentum conditions a flip will show you a continuation trade.... the other alternative is that it will show you the reversal itself at the end of a big move... what I like from this trade is the good RRR that you can manage.... this trade is intended for small scalps... so you can walk out of the market every day with 100 bucks on the pocket per contract.... not bad... cheers Walter.
Attached Images
File Type: gif continuation flip.gif (392.9 KB, 309 views)
File Type: gif flips.gif (411.8 KB, 297 views)

Reply With Quote