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David,
I am with Mark, signals are great but as a general EW follower I prefer a
wave 2 pullback (buy or sell) and the risk reward associated with it. Will
the entry sometimes be always lower than the breakout not necessarily
(possibly higher, sure) but safer I have found.
Message is buy retracements if all looks good otherwise not the breakout
which many times a money stop will not tolerate?
don ewers
----- Original Message -----
From: "david b. stanley" <davestan@xxxxxxxxxx>
To: "Mark Brown" <markbrown@xxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Wednesday, January 24, 2001 12:14 PM
Subject: Re: daytrading & money management
> Hi Mark,
>
> And for those times when the recoil never comes.....then what?
>
> >exercise: next time you have a break out buy or sell - rather than buy
> >the breakout - wait - wait until the price pop expires and collapses
> >down as it is breaking down against what you would have previously
> >bought. then buy - as the price is now going the opposite direction
> >(down) that your whole being is fully committed to - can you do this?
>
>
>
>
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