View: slopechart_TDOC_91218.jpg


If I've studied this correctly this is an example of an NR7 pattern trade setup.


Some people use this pattern to catch a trend. If so you can have a "time stop" of 7 - 10 days then exit the trade. 9/12/18
Why 7-10 days ? 
Any reason for x amount of time? 
Thank you 9/12/18
No specific reason. I, as a swing trader, would use 7 - 10 days. If you were using this pattern for long term trading you would use the 7% rule as Butkowski (spelling?) did. According to an old charting site I sometimes peruse he invented it. I think it is called thepatternsite. 9/12/18