The big problem I see with this, and Cleon pointed it out in his post, is the stop loss. This is like the Larry William's OOPS setup, the Burning Dog, the 5SMA trade, or the BB Z day trades, where the stop has to be "end of day" or "none" and a target is used as the exit. This makes it MUCH more difficult to take without further analysis of the market, in my very humble opinion.
tinymjs
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