Yum-Yum Continuation Pattern
Yum-Yum continuation pattern is
a delicious trading setup found in the Ultimate Trading Guide by John R.Hill, George Pruitt, and Lundy Hill. If we’re a book analyst, we would
issue a “strong buy” for this book for its variety of sound price-based trading
ideas.
Take a look at Yum-Yum and if
you find it yummy, you might want to take a look at the book.
TRADING RULES – YUM-YUM CONTINUATION PATTERN
LONG TRADING SETUP
1. Existing upwards
trend
2. Swing high broken
with a wide-range bar that exceeds the 10-period average range
3. Close is near the
high of the bar and above the open
4.
Buy on breakout of
wide range bar (within 1 to 3 bars)
SHORT TRADING SETUP
1. Existing downwards
trend
2. Swing low broken
with a wide-range bar that exceeds the 10-period average range
3. Close is near the
low of the bar and below the open
4.
Sell on breakout of
wide range bar (within 1 to 3 bars)
