Today lets discuss stock market trading systems called larry williams OOPS trading System which can be used for pattern applicable on ALL time frames, 1 minute, 5 minutes, hourly, daily, weekly, monthly or yearly stock market trading systems
History:
Back in 1979 Larry Williams published a description of a short-term
trading method that is based on a pattern observed often in markets. The
OOPS signal is a gap trading method that fades the direction of the
opening gap. It is named thus, according to Williams, because when a
broker would report to his clients that they were stopped out, he would
call them and say, "Oops, we lost."
OOPS BUY
a)
If you are watching daily charts, the first condition is that there has
to be a SUSTAINED downtrend for a few trading sessions.I mean few Red
Candles on daily Charts
b)On the last day of downtrend....
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