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I enter always on a channel breakout after a base has been formed than I
trail the trade.
IF I quit because of the trailing stop I reenter with either a pullback
(stochastic, whatsoever) ONLY in the direction of the previous b/out or on a
new breakout on either sides.
Rgrds
Riccardo
> -----Original Message-----
> From: JMMain1000@xxxxxxx [mailto:JMMain1000@xxxxxxx]
> Sent: 25 February 2000 14:44
> To: network@xxxxxxxxxxxxxxxxxx; omega-list@xxxxxxxxxx
> Subject: Re: Re[4]: trends
>
>
> In a message dated 00-02-25 09:18:20 EST, you write:
>
> << But if you don't enter
> at the high price you will miss some big moves, and reduce your systems
> performance. >>
>
> That is exactly the problem with retracement trading:
>
> 1. You miss all of the initial moves.
> 2. The retracement may be a reversal.
>
> I've had mixed results with retracement trading.
>
> So, is it better to try to call trend reversals and take a breakout
> position during the initial move or is it better to wait for the first
> retracement?
>
> Jim
>
>
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