Larry Williams OOPS Trading System


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 when the Oops buy occurs, there is a gap down, which opens well below the previous day’s low.
c)During the course of trading the stock rises and goes above the previous day’s low, and also the previous day’s close.

The above 3 steps if occurs generates an OOPS buy, with a stop loss of that day’s low.

Does this stock qualify for OOPS buy?

For more information you may refer

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