Sunday, July 18, 2010

Stafford Daytrade had a great day Friday. The Breakout feature of the system got short the SPs around 1073. A "Breakout" means an Opening Range Breakout. Also called a Volatility Breakout. With this technique, you reference the opening price of the day. You look to go long a certain distance above the open or go short a certain distance below the open. The distances are usually some measure of market volatility. Hence the name Volatility Breakout.
Price fell all day. We held short all day. Coming out on the close above 1063. Making close to 10 full handles. Cha-Ching. Of course past performance is not necessarily indicative of future results. Please note, trades may or may not have been taken and must be labeled hypothetical. Please see hypothetical disclaimer on our website at www.staffordtrading.com.

No comments:

Post a Comment