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Calculate in the indicated manner . Your words about
the other side of the trade are what I need to focus
on. As always, thanks a lot for your kindness.
Regards
Rakesh
--- "mr.ira" <mr.ira@xxxxxxxxxxxxx> wrote:
> Establish an entry price to enter the trade rather
> then support resistance. Make sure that the setting
> for the stochastic is set to the half cycle of the
> cycle that you are trading. i.e. 22 bar cycle
> stochastics first number should be 11. Always count
> cycles from low to low, never high to high due to
> translation of the highs.
>
> Remember that there are always two trades on any
> chart. One up and one down. If you are entering
> long determine ahead of time what would signal the
> entry to a trade in the opposite direction.
>
> The first thing you want to know is what will make
> your discussion wrong. You don't want to get
> panicked in a market and start to mentally defend
> your position and the trade that you entered. I am
> not talking about a stop determination I am talking
> about a trade that is going your way. What would be
> the entry price for a trade in the opposite
> direction? Trend or contra trend. It might not be
> worth trading but it might pay to exit your current
> trade and re-enter on the next leg up or down.
>
> Hope that this helps a little. Have a good week
> end. Ira.
> ----- Original Message -----
> From: Rakesh Sahgal
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Thursday, July 14, 2005 9:50 AM
> Subject: Re: [RT] S&P
>
>
> Thats what I have been doing for the past year odd
> buying weakness in uptrend and selling on my price
> target and missing the peak 2 to 3% each time, but
> this time I screwed up big time expecting more
> weakness when it was already weak. Thank my lucky
> stars that I dont trade futures-just stocks, else
> I
> would have been in big trouble by now. Analysis
> paralysis is what I went through.
>
> Ben, Ira a question - How do you know "IN TIME"
> when a
> price move is the real deal and not a fade? I look
> for
> price validating the signal(I just use the
> stochastic
> in addition to PitchForks and the periods for
> stochastics vary according to the last confirmed
> cycle
> length in the issue) by follow up action i.e
> closing
> above the signal high. Is there anything more that
> one
> can look for?
>
> Regards
>
>
>
> R
>
> --- "mr.ira" <mr.ira@xxxxxxxxxxxxx> wrote:
>
> > Ben:
> >
> > Everyone enters and exits their trades based
> upon
> > the system they use. I would exit based upon
> > reaching price objectives and then confirmation
> from
> > my two indicators. I prefer selling into
> strength
> > rather then being stopped out due to weakness.
> I
> > liked to give it to them when they screamed for
> them
> > and buy when they were dumping them. Whom ever
> they
> > might be.
> >
> > At this point there is no position to defend and
> all
> > that is required to re-enter the market is a buy
> or
> > sell signal.
> > ----- Original Message -----
> > From: Ben
> > To: realtraders@xxxxxxxxxxxxxxx
> > Cc: ntt-list@xxxxxxxxxxxxxxx ;
> > e-mini_traders_anon@xxxxxxxxxxxxxxx
> > Sent: Thursday, July 14, 2005 8:12 AM
> > Subject: Re: [RT] S&P
> >
> >
> > Hello Ira
> >
> > the 2 most important warning sighs are:
> > a: new high new low did not improve last 2
> days
> > with higher prices,
> > b: McClellan osc for issues and vol are
> showing
> > bearish divergence,
> > As you know , My belief about taking
> profits is
> > Very important,
> > this is why I called my 2 main indicators ,
> one
> > profit index and one long term trading,
> > Both measure profits at different time
> frames,
> > my sell is cash close under 1212
> > p/c is still pointing higher, and so is
> volume,
> > set back is just 2-3 days to 1180
> > then new highs,
> > Ben
> > ----- Original Message -----
> > From: mr.ira
> > To: real traders
> > Sent: Thursday, July 14, 2005 10:56 AM
> > Subject: [RT] S&P
> >
> >
> > This rally is over. I don't know what is
> going
> > to kill it, but today should be the last day
> with a
> > retracement on Friday. Let us see how that
> works
> > out.
> >
> > I don't have a sell signal, just a warning
> that
> > it is time to take profits. Ringing the cash
> > register is the name of the game. Like a very
> wise
> > old timer said, " I will give someone else the
> > first 10% and the last 10% as long as I can get
> that
> > 80% in the middle". The indication now is to
> take
> > the 80% and sit back and wait for the next
> signal.
> >
> >
> > Ira.
> >
> >
> >
>
>
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