Remek! Trading Systems

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Remek! tip: The 'one-tick' stopout

6E 2015 11 22

In today's tip, we'll look at what we call 'a one-tick stopout' (markes as 1 on the chart).  Price is quickly rejected at this level, signalling that the market may turn south.  We'll start defining our 'area of interest' (2 on the chart), and IF price comes back into or near that area AND IF it turns there, we'll want to be in a SHORT trade. The Remek! System's dropdown list makes it easy to ensure that we'll be in the trade IF that trade comes. 

Mindful trading!