Impulse Pullback Strategy
Market Bullish or Bearish?
S&P 500 > 20EMA:
Screen for Long trades
S&P 500 < 20EMA: Screen for Short Trades
Entry & Exit Rules for Piranha Long
• Swing high candle immediately after 6ema crosses
above 18ema or MACD turns bullish
•
Immediate pullback or inside bar after swing high
candle
•
Minimum 1 pullback and maximum 2 pullbacks
•
MACD (12, 26, 9) bullish
•
Stochastic and Bollinger band not overbought
•
Highest probability: 2 out of 3 conditions happen at
the same time
•
6 cross 18 EMA, MACD cross bullish and
price crosses above 50EMA
•
High Momentum stocks
•
Sector and/or industry bullish/ uptrend
•
Relative strength indicator sloping up
•
Avg Volume > 150,000
Entry Rules for Piranha Short
• Swing Low candle immediately after 6ema crosses
below18ema or MACD turns bearish
•
Immediate pullback or inside bar after swing low
candle
•
Minimum 1 pullback and maximum 2 pullbacks
•
MACD (12, 26, 9) bearish
•
Stochastic and Bollinger band not oversold
•
Highest probability: 2 out of 3 conditions happen at
the same time
•
6 cross 18 EMA, MACD cross bullish and
price crosses below 50EMA
•
Low Momentum stocks
•
Sector and/or industry bullish/ bearish
•
Relative strength indicator sloping down
•
Avg Volume > 150,000
Screen for Piranha 6X18 long
& Piranha MACD long
Screen for Piranha 6X18 short
& Piranha MACD short