If you trade with a Moving Average(s)
While you may trade with something different than a 50SMA, the principle here should still be applicable. The idea would be to find something(s) that can key you as to where the trade may turn to move back to the MA. I use RSIs, but this is merely one way. I think you'll find the concept to be very viable, and could well add a few $$$s here and there. :-)
While I have posted on these previously, I just wanted to share some of the refinements Ive found through research and usage. My earlier Bond post today (052609) shows a very nioe short RB this morning. All criteria was met. The setup neednt exactly match an "ideal", but rather as one trader suggested to me, it should be in the "spirit of the setup". I hope you find this of value.
Heres a later setup following our first post. This occurred on the ES as well.