Spot On.
This is a good freestyle way to trade. There is a nice little Keltner trick in there - you could scan for the keltner or bollinger band breakouts to identify those securities worth investigating. Once a potential set up is identified, you can set the trade up in advance with a limit...
Hi Jon. I don't write in very often but I hope this helps: Buy in to MTPredictor and trade the automatic setups. Do exactly as they advise. Do not deviate. Now you have income coming in. Join ProRealtime.com. Use the excellent Realtime Paper Trading facility to get your own personal methods...
Way back when I started trading I had a SpredSheet of about 350 Trading Days of the DOW30 OHLC values. Among other things I used the data to calculate Weekly Pivot Points and to systemaically check by proximity percentage if these mathematically calculated Support & Resist levels had any effect...