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1) I have made a good decision when the trade is profitable
2) I will add to a long position when it breaks out of the opening hour
range
3) I will add to a position if it travels 1/3 of it's 50 day ATR
4) I will add to a position if support has held and momentum rate of change
turns up.
As a matter of experiment, use a 10 day, 50 day, and 100 day ATR and you
see how close they are. Gives good entry and exit positions.
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> From: Mike Campbell <ug@xxxxxxxxxxxx>
> To: MetaStock List Group <metastock@xxxxxxxxxxxxx>
> Subject: Re: Trade scaling: was Trade size Question
> Date: Wednesday, July 12, 2000 2:31 PM
>
> Al Taglavore writes:
>
> If I may switch gears on you a bit here...
>
> > I almost always scale in and scale out of a trade. I may have three
> > to five orders that will constitute one trade. If my opening order
> > is profitable, I will then add to a winning position.
>
> At what point and/or how do you determine that you've made a good
> decision and add to a trade?
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