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over 35 years of try and fail i finally was
successful in 1987,
able to use 4 price levels for each
trade
if short, you enter 25% of position on close under
top line
you add 50% on close under line 2 from
top
and fully short on close under line 3 from
top
when we close under all 4 you close 50% of
short and your stop loss is line 2 from bottom
and as price continue lower,, you keep adjusting
your stops lower
but
this need daily homework
are you guys doing your homework?
this toll is available
hope this helps
Ben
----- Original Message -----
Sent: Sunday, September 28, 2008 5:14
AM
Subject: Re: [TimeandCycles] simple
tool/great success
Ben, what does the L M N stand for on the
chart?
--- On Sun, 9/28/08, Ben <profitok@xxxxxxxxxxnet>
wrote:
From: Ben
<profitok@xxxxxxxxxxnet>
Subject:
[TimeandCycles] simple tool/great success
To: realtraders@yahoogroups.com
Cc:
TimeandCycles@yahoogroups.com
Date:
Sunday, September 28, 2008, 2:02 AM
I have attached a chart of
qqqq
if you are wondering why price scale is
from 750 to 1000 it is simply that to enable long term
trading to work(in one of the workbooks) ,i had to
multiply qqqq price by 20,
look at 8/28 to 9/26
just stay short, and adjust your stop
daily,, Where the green line is,
its called the perfect stop
loss
happy healthy and wealthy year to
all
Ben
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