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has anyone gotten this like 5 times?
I am only sending it once so if it comes up more then once, don't blame me.
-----Original Message-----
From: OatTrader@xxxxxxx <OatTrader@xxxxxxx>
To: tinyeung@xxxxxxxx <tinyeung@xxxxxxxx>; realtraders@xxxxxxxxxxxx
<realtraders@xxxxxxxxxxxx>
Cc: moongate@xxxxxxxxxxxxxxxxx <moongate@xxxxxxxxxxxxxxxxx>
Date: Tuesday, June 29, 1999 10:31 AM
Subject: Re: Stops
>RT's,
>
> I use trailing stop all the time, but I do not trail it unless the
>market tells me to change it. I do not use moving average or volatility
>stops, but I do use Divergence as a way to shore up my Protective stop, I
>either use it on daily or weekly bars. When I get ahead on T-bonds or
>currencies by $4000, I lock in $2000, other markets that do not move as far
>such as Oats would be $2000/$1000. If I get a few "extended bars"
>(biggest ranges in 20 days for example), I will move my protective stop
>beyond the extremes, I use these on weekly bars as well.
> I recently have changed my ways of entry, for years I would use
>Triangles on daily bars and depending on the 40ma on the weekly bar chart
>would confirm trend. I found that as trend increases in time, so should the
>number of bars in the triangle length. At first I would use a 5 bar "Tri"
>just to get in, never risk more than $500, when the market gets ahead by
$500
>go to breakeven. When trading currencies, always use "EFP" market and place
>protective and entry stops. As time lengthens out to six months, my number
of
>bars in the "Tri" would lengthen to 17 bars in duration. I used this method
>for seven years and was profitable for seven years. But now I have gone to
>using weekly bars as my entry, it has reduced my trading 80%, my win/loss
has
>maintained the same at 40-45%, my entries are earlier so my good trades are
>more profitable and I still use the $500 risk. Now my weekdays are very
freed
>by not looking for entries and only need to look at charts on weekends. My
>method is nothing more than looking for very long trendlines and using the
>COT.
> Does anyone else make decisions based on weekly bars?
>
>Jim
>
>
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