20/20

This is a trade right out of "Street Smarts." It is a good day (or short term) trade. The "reference" bar is yesterday's daily bar, but Beth keeps track of that for you. Everything is automatic.

Beth will notify you (on the first bar of the day) if the current day is a “20/20 day.” Then, as the day progresses, she will plot a set of horizontal dashed-lines to show where the entry will be if the market sets up the entry for the trade.

How to trade it: When the market approaches the respective bullish/bearish lines (bearish showing below), and there is confirmation of price or other indicators, take the trade. In the example below , if there was no other confirmation, the doji in the middle of the chart (with the long upper-stem) would be confirmation to go short, as the market does not have the strength to go back up thru the resistance of the cyan line.