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Oct 10 2003
11:45PM
Trailing Stop Techniques - Canadian Dollar
The histogram at the bottom turns green when price is ABOVE the 5 SMA and red
when it is below it, making it easy to see "consecutive runs".
Oct 10 2003
11:20PM
Trailing Stop Techniques - Russel Index
Oct 10 2003
11:11PM
Daily Motivation
Oct 10 2003
2:49PM
Short Scalp
Overall range and voaltiltiy are almost too low to bother making scalps today
but this pattern was there ...a nimble trader could have grabbed 75 cents,
shorting at 1035.75-1036...covering around 1025 - 1035.25.
Oct 10 2003
2:33PM
Bonds- small wedge
Same type of rhythm.....either three pushes down as visible in pit session
data only, or converginve trendlines as shown in electronic tic
chart.
Oct 10 2003
2:20PM
EC - small wedge
One chart is day session data, the other includes night session data - either
way you can see formation of three psuhes or small wedge that leads to sharper
break.
Oct 10 2003
1:26PM
Russell - Head & Shoulders Topping Pattern
Not a huge fan of this pattern but this one just stands
out. Maybe a better top. Daily EMA is at 508.80
Oct 10 2003
12:30PM
Trailing Stop Techniques - Bonds
Oct 10 2003
11:54AM
Trailing Stop Techniques
When trend following, or working a "campaign" in one direction, the trader
MUST be disciplined about trailing a stop on the position. Here are 4 ways
of trailing stops, in order of how tight you choose to hold your cards to yoru
vest:
1) Close back above (or below) 5 SMA exits position.
2) Close back above (or below) 3 period SMA of high (or low) offset by
1
3) Parabolic
4) 10 day channel of highs or lows.
Also worth investigating, Chuck LeBeau's Chandelier stop on our home
page. The original Turtle system used the 10-day channel shown (light blue
dots), and would agresively pyramid in the direction of the trend.
However, whipsaws resulted in larger losses, and thus there is a lot more
volatility in their performance record, even though they do also capture very
big wins.
Will post some followup charts of assorted markets showing these four
techniques. Each of them can be modified or tweaked in many ways, and
traders also use algorithmns for "reentry" if prematurely stopped
out.
Oct 10 2003
11:00AM
Scalp technique
Here is buy example and sell example of pattern discussed this morning. Can
watch for this when market is in trading range......usually good for 75 cents to
1 point about 85% of the time. Risk no more than 3 points, but better strategy
is to exit at the market or look to scratch if market fails to move off in your
favor within 5 minute window.
Oct 10 2003
8:18AM
Falloutt of rising Crude prices
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