The 3Dimensional Trading Breakthrough

Brian Schad
More Price Structure
The following two factors also are used as “trigger pulling” indicators:
Gap Opening and Reversals
What I love best about the Day Session Open (DSO) is that once the market opens,
within seconds I know what my plan for the day is. If the market opens outside of
yesterday’s range, I know if the market retraces back into the prior day’s range ± 3
market ticks, I know where to get in (or get out of) that market.
For example: If I had been long a market, and for the past 4 or 5 sessions the
market was going in my direction, and then the market opens high one morning
(above the prior day’s high), I know exactly where I’m going to move my protective
stop and/or hedge my position accordingly (provided I wish to maintain a bullish
posture):
Long market from 110.00 on 25 April
Market closes at 117.50 on 30 April (High for the day was 117.70)
Each Market tick is .05 point
On 01 May the market opens at 117.85 (Now we have a classic Larry Williams
Ooops “sell” signal potential – with my special twist added to it!)
For a sell signal:
HERE IS THE FORMULA TO CALCULATE
MY VERSION OF LARRY’S Ooops TRADE.
Formula
Yesterday’s high – 3 market ticks = Price to act or react with position
117.70 - .15 = 117.55
117.55 is the price I will take profit/hedge position. More on this later in this
section.
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