How do I enter and exit multi-day option trades?New Era Trader has well-defined moving average envelopes that identify the highs and lows of moves. When price is near one of these outer envelopes and the NET indicator, the Oscillator, confirms a move to the opposite extreme band can be anticipated in trading ranges.
In strong trending markets, the Oscillator will confirm with price holding at the middle Uni (average) where entries up or down respectively can be taken. This is better known as trend continuation trading.
Generally, movement from high to low (or vice versa) can take from 2-5 days under normal market conditions.
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KB » FAQ - Technical
KB » FAQ - Technical
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