|
PureBytes Links
Trading Reference Links
|
>From the surefirething.com website Alex mentions in his email:
(Obviously, no trader can peg the exact high or low on L4 breakouts of the range - - - although having exits at the close of the day for the L3 levels trading from extreme back to norms seems achievable)
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Day Trading FAQs #19 How do you calculate the profit potential in the performance section?
The Profit Potential for any given day using the Camarilla Calculator (original version) is determined as the distance between the HL4 and the high giving the maximum breakout upwards, plus the distance between the LL4 and the low giving the maximum breakout downwards, plus, if appropriate, the distance between the HL3 / LL3 and the days close for those traders trading within the chop zone. While it is unlikely you will catch either the exact high or low of the day, often intraday trading gives several trades within the L3 zone, so in our opinion, any overstatement on breakouts is balanced by understatement of internal L3 trades. Points for the day are multiplied by $250 to represent a single S&P contract.
The Equity calculator they offer is like pie in the sky - - - if making money was that easy every trader using their technique would be rich.
John
On Wed, 31 Dec 2003 12:57:41 -0600 , Jimmy Snowden <jhsnowden@xxxxxxx> wrote:
>The weak point on those sites is there is no system for exit on the
>more "professional" system. Buying support and selling resistance is
>very profitable in a system. I've used sup/res trading a lot and it
>can make a lot of money with relatively low risk, but exits are as or
>more important than entry. Buying support doesn't mean you will see
>price then stop in resistance. The old saying you can't go wrong
>taking a profit doesn't work over the long run either in market work.
>The best moves are when price blows through resistance or support. No
>easy answers in this game but if you need entries then try what Alex
>is offering or the test offers on the site he mentioned. You have
>nothing to lose but money.
>
>Best regards,
> Jimmy Snowden
>mailto:jhsnowden@xxxxxxx
>
>
>Wednesday, December 31, 2003, 12:44:31 PM, you wrote:
>
>i> Sounds like a lot of pivot hocus-pocus by a few people trying to make some
>i> dough from
>i> newbies in search of the holy grail.
>
>i> Does anyone actually use it exclusively?
>
>
>
>
>
>
>Outgoing mail scanned by Norton
>
>
>
|