Monday, May 31, 2010

Basic guidelines for the LAST WAVE TECHNIQUE

Basic guidelines for this technique are:
  • Signals will be sent between 2:10pm EST (20.10 GMT+1) and 2:20pm EST (20.20 GMT+1) and they will be valid starting at 2:20pm EST (20.20 GMT+1).
  • If an order for a stock would be fulfilled before 2:20pm EST (20.20 GMT+1), that order will be cancelled.
  • We officially only trade the first two stocks whose orders are fulfilled.  Other orders will be cancelled.
  • We normally allow the trade to either reach the target or stop.  In some cases, we will send out an email 5 minutes before the market closes indicating to close the trade so as to not leave it open for the next day.  If no email is sent, the trade will remain open the following day. 
  • We always set a 4% target and a 3% stop. 

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