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Hi Steve & RTs,
Does anyone still have the formula of this free mechanical method
(Fibonacci modified Chande Momentum oscillator system)? I must have
deleted it. Thank you!
Indeed I went short cocoa yesterday and it seems working so far. My
method is so simple: 1. observe if there is a trend, in this case,
cocoa is in a downtrend; 2. wait for the retracement to run out of
steam, which for cocoa was yesterday; 3. Enter the position by
following the trend.
I used to trade the breakout method. However, I lost money and now I
wait for retracements. I still follow trends, but no more breakout.
Mervin
Steve Karnish wrote:
>
> List,
>
> For those interested in a "free" mechanical approach (rules and formula
> published many times on this list), the Fibonacci modified Chande Momentum
> oscillator system triggered a sell signal in Cocoa on 9/1. The most recent
> trade ended up being a 10 point loss (first in CocoLoco's recent history).
> I'm am now short for the "legions" at 952 in the December contract. Wish I
> had time to watch Jerry Springer and read about conspiracies...but it was
> tough enough finding time to write this.
>
> Steve Karnish
> CCT
>
> ------------------------------------------------------------------------
>
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> 92CocoLoco.gif Type: GIF Image (image/gif)
> Encoding: base64
> Description: 92CocoLoco (GIF Image)
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