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Trade Secrets: Powerful Strategies for Volatile Markets by Adrian Manz

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CHAPTER 6. Day Trading News Events

ANYONE WHO SITS in front of a trading workstation all day knows that opportunity is not always easy to find. While finding intraday set-ups can be a simple matter of running pattern-scanning software, it is not easy to filter the good from the bad. Lack of time to evaluate candidates usually results in a failure to plan the trade and a random execution with no idea of where to expect price to go. I believe that the absence of careful planning is the primary reason so many traders blow out their accounts.

One solution is to find trades that essentially set themselves up. The implementation of the expansion-of-range-and-volume set-up that I will show here does that. It serves to present a manageable number ...

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