Pullback Trading System
Pullback Trading System - unclear what it means to use limit order of 2% below previous day closing price. Do i place buy limit 2% below closing price the day after price gaps down? Do i place a buy limit above closing price the day after the price gaps down 2% on open? Do i anticipate that the price will gap down 2% when it approaches 2 day RSI below 5 and place a buy limit on every market open?