Spartan Trading Round Numbers
Round number Swing Trading System:
Setup part 1: Set Near Round Number And Specific Gap in indicator input session
Setup part 2: What is the direction of the trend? Use Dow Theory, moving averages or your preferred technical analysis to determine the trend. Only trade with the trend.
Setup part 3: Wait for the price to swing in the direction of the trend
Setup part 4: Wait for a correction to begin after a high in an uptrend or low in a downtrend near a round number.
Entry price: Set your entry price at the next round number up in a downtrend or down in an uptrend
Stop loss: Set your stop loss at the next but one round number or the fifty level
Take profit: Set your profit target 200-300 Points from your entry price.
Setup part 1: Set Near Round Number And Specific Gap in indicator input session
Setup part 2: What is the direction of the trend? Use Dow Theory, moving averages or your preferred technical analysis to determine the trend. Only trade with the trend.
Setup part 3: Wait for the price to swing in the direction of the trend
Setup part 4: Wait for a correction to begin after a high in an uptrend or low in a downtrend near a round number.
Entry price: Set your entry price at the next round number up in a downtrend or down in an uptrend
Stop loss: Set your stop loss at the next but one round number or the fifty level
Take profit: Set your profit target 200-300 Points from your entry price.