This day trading setup by Jake Bernstein uses a moving average channel to figure out trend and key support and resistance levels. For our review, we will build a moving average channel with a 20-period SMA of highs and lows. (Read: Displaced Moving Average Channel Trading Strategy) Trading Rules – Moving Average Channel Day Trade Long Day […]
Archives for February 2012
Hikkake Trade Setup
Dan Chesler discussed this candlestick trading setup in the Active Trader Magazine in April 2004 (“Trading False Moves with the Hikkake pattern”). Hikkake means to trap, trick or ensnare. This trade setup seeks to profit from false breakouts. RULES FOR LONG Hikkake An inside bar The next bar has a lower high and lower low […]
