Research In Motion, 30-minute Chart

Here's another example of good execution taken from yesterday's chart of RIMM. Inside bars, especially narrow range inside bars, are good to execute against, but that's not the only trick available. You can also trail your buy stop a tick above down bars, and get long when price reverses up. You can see how RIMM reversed nicely during the lunch hour yesterday and went back up to test the high.

Is this a foolproof method? Of course not, don't kid yourself. It's just the same schtick that everyone else knows. Never buy into claims of unique genius made by greedy, self-styled trading gurus who have no qualms about distorting reality or fudging facts (exact entries and exits, targets being "hit," etc.) in order to enrich themselves.

Pay-per-view advisors who have a knack for self-promotion may be able to fool a few naive subscribers out of $99.95 a month, but when they play fast and loose with the truth to lure the innocents in, that's not just dumb, it's dangerous.

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