MattWilson

MattWilson

As per Kathy Lien's Double Bollinger Band Strategy, here we can see a short opportunity as the price action has broken and closed below the 20 day, 1 standard deviation band. We take the open, or as i do the low of the previous close plus 1 tick for a short sell stop order. Initial stop loss once in the trade is 1 tick about the 15 day simple MA and I aim for a...

MattWilson

This pattern is described on page 101 of Larry Williams book, "Long-Term Secrets to Short-Term Trading."