Follow Rules:

• ENTRY
  • Prior bar is Bullish Engulfing at key level
  • Prior bar volume matches price movement
  • Only take the best setups.  Try to trade only 1-3 trades a day.
• RISK
  • Only allow 5-10$ risk on the table at a time
• EXIT
  • Scale out of working trade at key levels (or if buyers dry up), adjust stops
  • Normally I exit when price stalls / buyers dry up / price moves lower then the prior bar's low. 
  • Ride the trend until it stops.
• DO NOT TRADE IF
  • average range of bars are over 10-15 cents
  • if volume doesn't match the bullish bar
  • The spread between bid and ask is greater than 5-10 cents
  • There is chop and a wide range.  I want .40-1.00 max range.
  • Distance between key levels is below .30-40 cents, not enough oppurtunity.