HOW TO TRADE THE 52 WEEK FRIDAY RULE

http://club.ino.com/trading/2011/10/as-we-discussed-yesterday-has-this-market-put-in-a-bottom/

HOW TO TRADE THE 52 WEEK FRIDAY RULE:

Here are the three rules you need to trade “The 52-week new highs on Friday rule”

These are the exact rules that Bill used to make millions

Rule number 1: On a new 52-week high, when the market closes at or close to its high on a Friday, buy long and go home long for the weekend.

Rule number 2: Exit the long position on the opening the following Tuesday.

Rule number 3: If the market opens sharply lower on Monday, exit the position immediately.

There you have it. These are the only three rules you need to trade with “The 52-week new highs on a Friday rule” successfully.

“The 52-week new highs on a Friday rule” works extremely well in futures and in the Forex markets. This rule can be reversed for “The 52-week new lows on a Friday rule” if you are so inclined to trade the short side of the market. The same rules apply.