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Day Trading Compass Nix2B Nix2B strategy = Price Action + 2 Bars Three Stages: Completion of Nix2B Confirmation of Nix2B Entering a trade
Day Trading Compass Nix2B • Identify Higher high or Lower Low with minimum 2 Candles in-between • The Next Candle MUST NOT break the High or Low of previous candle Nix2BCOMPLETE! • Price Benchmark: Bottom of the bar that BROKE the previous HIGH or Top of the Bar that BROKE the previous LOW • Price CLOSING below or above that line Benchmark Nix2B CONFIRMED! • Supportive Indicators: EMA - 7 / 14 / 21 & MACD - EMA 12/26 SMA 9
Day Trading CompassNix2B in Trend reversal from Bullish to Bearish • Identify a confirmed Nix2B. • Wait for a retest with Green bar • Another bar to close below the benchmark • Enter Bearish at the close of such bar
Day Trading CompassNix2B in Trend reversal from Bearish to Bullish Identify a confirmed Nix2B. Retest Wait for a bar to close above that the benchmark Enter Bullish at the close of such bar
Day Trading CompassNix2B in Bullish trend continuation Identify Completion of Nix2B in an ESTABLISHED Bullish TREND Wait for a bar to close above the benchmark – Nix2B confirmed Enter Bullish at the close of such bar Do not have to wait for a Re-test
Day Trading CompassNix2B in Bearish Trend continuation Identify Completed Nix2B in an ESTABLISHED Bearish TREND Wait for a bar to close below the benchmark – Nix2B Confirmed Enter Bearish at the close of such bar Do not have to wait for a Re-test
Day Trading Compass Exit Strategy Exit Partially … • First Profit target • Support of previous high or low • Price point of Bulls Entry If Bearish and Bears Entry if Bullish …. Whichever comes FIRST! Exit Totally As soon as …. • Next Confirmed Nix2B in reverse direction • Stop Loss • Satisfactory Profit …. Whichever comes FIRST!
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