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Re: CocoLoco rides again



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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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>                     Description: 92CocoLoco (GIF Image)