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  • #61
  • Apr 15, 2008 2:32pm Apr 15, 2008 2:32pm
Quoting Bemac
AND... btw. Peter... If you are listening... I {again} would like to say "Thank You. Because I didn't get that Play until you explained it."
Bemac

Thanks for the nice sentiments. Something so simple is better in the hands of those who appreciate "simple".

In my view, the market is "simple". It only goes where it is fed.

-----

I got a few emails asking for additional clarification about how one trades the inside bar setup mentioned previously (Now officially called the Daily IBar Setup) when the markets are as choppy as they've been recently.

The answer is: the same as any other time, but especially focus on trades that setup "early" in the day. Meaning within 6 - 7 hours of the open.

The open I look at is 00:00 CST or 01:00 EST. This would also translate to 06:00 GMT. Now if you wish to declare another time the official open of the day, it is your choice and your money.

I do have a friend who believes that 00:00 GMT is the official day's open, and he's had some success trading with that concept. But he trades the JPY pairs more than 60% of the time, which may be a mitigating factor.

I've found that you are always better using an opening time period that fits closely to the normal biological tendencies of the greatest amount of people who control the money in the world.

That would not indicate using the Japanese open @ 00:00 GMT.

Back on to the choppy markets we're seeing.

I've attached a hourly chart screen snap of the past 2 days in the GBP/USD.

One of my favorite trading markets, it was pretty rambunctious yesterday and today. Which is usually good for trading.

You can see that the Daily IBar Setup works best earlier in the day. The first trade yesterday was an immediately loss, the sell taking place directly after the first hour of day's action. Then there was a reversal buy within minutes which you could have held for the entire day profitably.

And then a second buy a couple of hours later above a second inside bar.

Today, it was a simple case of taking the first Daily IBar Setup sell, taking half of the trade off at 1:1 and letting it ride.

Other markets weren't as nice as the Pound, and had a lot more 1:1 profit targets hit and then subsequent stopouts.

The second chart below is the Eur/Usd "free trade" I took in that market today. The trade happened a little later in the day than I would normally operate, but the range was so narrow, the other pairs were gaining on the dollar. I also knew that with no previous defining trade today, there would be tons of sell stops below the low of the hourly inside bar at 1.5788. There were. Minutes later the trade went 1:1 risk/reward and I had another free trade.

Now I wait. Seems to be the story of my life. By the way, that is the story of being a trader--- waiting for the trades you are in to work out, or not.

The secret to success as a trader, in my humble opinion; is find a very low risk method to enter the markets..., and learn to wait.

Have a good week.

-PeterCrowns-
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Snap Inside Hourly Breakouts IV British Pound.jpg Size: 451 KB
Click to Enlarge Name: Snap Inside Hourly Breakout V Euro.jpg Size: 204 KB
  • #62
  • Apr 15, 2008 2:53pm Apr 15, 2008 2:53pm
Great stuff Peter. Thanks for your posts.


Quoting PeterCrowns
Bemac

Thanks for the nice sentiments. Something so simple is better in the hands of those who appreciate "simple".

In my view, the market is "simple". It only goes where it is fed.

-----

I got a few emails asking for additional clarification about how one trades the inside bar setup mentioned previously (Now officially called the Daily IBar Setup) when the markets are as choppy as they've been recently.

The answer is: the same as any other time, but especially focus on trades that setup "early" in the day. Meaning within 6 - 7 hours of the open.

The open I look at is 00:00 CST or 01:00 EST. This would also translate to 06:00 GMT. Now if you wish to declare another time the official open of the day, it is your choice and your money.

I do have a friend who believes that 00:00 GMT is the official day's open, and he's had some success trading with that concept. But he trades the JPY pairs more than 60% of the time, which may be a mitigating factor.

I've found that you are always better using an opening time period that fits closely to the normal biological tendencies of the greatest amount of people who control the money in the world.

That would not indicate using the Japanese open @ 00:00 GMT.

Back on to the choppy markets we're seeing.

I've attached a hourly chart screen snap of the past 2 days in the GBP/USD.

One of my favorite trading markets, it was pretty rambunctious yesterday and today. Which is usually good for trading.

You can see that the Daily IBar Setup works best earlier in the day. The first trade yesterday was an immediately loss, the sell taking place directly after the first hour of day's action. Then there was a reversal buy within minutes which you could have held for the entire day profitably.

And then a second buy a couple of hours later above a second inside bar.

Today, it was a simple case of taking the first Daily IBar Setup sell, taking half of the trade off at 1:1 and letting it ride.

Other markets weren't as nice as the Pound, and had a lot more 1:1 profit targets hit and then subsequent stopouts.

The second chart below is the Eur/Usd "free trade" I took in that market today. The trade happened a little later in the day than I would normally operate, but the range was so narrow, the other pairs were gaining on the dollar. I also knew that with no previous defining trade today, there would be tons of sell stops below the low of the hourly inside bar at 1.5788. There were. Minutes later the trade went 1:1 risk/reward and I had another free trade.

Now I wait. Seems to be the story of my life. By the way, that is the story of being a trader--- waiting for the trades you are in to work out, or not.

The secret to success as a trader, in my humble opinion; is find a very low risk method to enter the markets..., and learn to wait.

Have a good week.

-PeterCrowns-
  • #63
  • Apr 15, 2008 3:19pm Apr 15, 2008 3:19pm
Hi Peter:

I just realized that you live in the states. Thought you were based in UK for some reason. You must have some really late trading sessions! I'm on the east coast, tried getting up at 3 am. to trade the UK session, but my body just wouldn't cooperate!

Thanks for the clarification on what you use as day's open. I have been using 7:00 pm EST as start of day. Woke up this morning and had a sell signal on EU right away (6:00 am EST), except the price was above my definition of day's open, and I let it go. Had I used your way, the signal would have been valid. Oh well, another lesson learned...

Thanks again for taking your time out to write such a detailed explanation. It is much appreciated from a newbie such as myself.
Being the best loser that I can be.
  • #64
  • Apr 16, 2008 6:37am Apr 16, 2008 6:37am
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting PeterCrowns
Bemac
Thanks for the nice sentiments. Something so simple is better in the hands of those who appreciate "simple".

...
Hi Peter

You clearly have the experience and knowledge that most aspiring traders like myself would kill for the opportunity to learn from (I only wish they still had open outcry pits in Australia!). I love the simplicity to your method and your charts are a refreshing change to the ones I see all to often on FF with about half a dozen indicators and coloured lines everywhere!

I really want to express my gratitude to you with the knowledge that you have shared with the greater FF community, and was hoping that you could clarify and maybe expand on the following questions:

  1. You mentioned earlier that you only buy on up days and sell on down days. You also said that you look for entries in the first 9 hours of a trading day. How soon into the trading day can you determine whether the day is an up or down day and not an outside bar?
  2. Once you have established whether it is an up day or down day, is it just a simple case of waiting for an inside bar to form, then placing an order to the topside (on an up day) or downside (on a down day) and wait for it to be filled?\
  3. Are stops on longs placed just below the low of the inside bar and vice versa for shorts, or are you more discretionary with your stops?

  • #65
  • Apr 16, 2008 12:01pm Apr 16, 2008 12:01pm
Quoting CHECKstar
I really want to express my gratitude to you with the knowledge that you have shared with the greater FF community, and was hoping that you could clarify and maybe expand on the following questions:

  1. You mentioned earlier that you only buy on up days and sell on down days. You also said that you look for entries in the first 9 hours of a trading day. How soon into the trading day can you determine whether the day is an up or down day and not an outside bar?
  2. Once you have established whether it is an up day or down day, is it just a simple case of waiting for an inside bar to form, then placing an order to the topside (on an up day) or downside (on a down day) and wait for it to be filled?\
  3. Are stops on longs placed just below the low of the inside bar and vice versa for shorts, or are you more discretionary with your stops?

-CHECKstar-

Thanks for the questions in such a logical order.

1. You mentioned earlier that you only buy on up days and sell on down days. You also said that you look for entries in the first 9 hours of a trading day. How soon into the trading day can you determine whether the day is an up or down day and not an outside bar?

I see where the difficulty is. As traders we have no idea if a day will be an "up" day or a "down" day. (Actually, that isn't absolutely correct, but for the purposes of this method it is.)

If you know what the opening price of the day (and the closing price of yesterday) is, you know at any moment if the price is "up" or "down" vs. yesterday's close .

RULE:
For the "Daily IBar Setup" or DIBS Method--- only take an upside breakout of an hourly inside bar if the breakout price is higher than the day's open and downside breakouts of an hourly inside bar only if the breakout price is lower than the day's open.

And as mentioned a number of times before, the resulting trades have a higher potential if they take place in the first 6 - 9 hours of the day.

2. ..., is it just a simple case of waiting for an inside bar to form, then placing an order to the topside (on an up day) or downside (on a down day) and wait for it to be filled?

With deference to my first answer, yes.

3. Are stops on longs placed just below the low of the inside bar and vice versa for shorts, or are you more discretionary with your stops?

Yes. There is no need to be discretionary with the stops.

Where every trader tends to get discretionary is with how they handle the profits. That is one of the beauties of the DIBS method. The trades happen often enough that the opportunities exist for you take similar trades over and over again. If a trader gets comfortable with a take-profit concept and a decent trailing mechanism, incredible things can happen because of the operation of time improving the value of the surviving trades.

It works on various timeframes. I personally would never use it for less than 1 hour bars, but some do use it on 30 or 15 minute timeframes. It would require your having a firm where trading spreads are very small.

About the short trade displayed yesterday entering the EUR/USD which I turned into a "free" trade. I waited and it stopped me out. That is the result of many of these trades, but definitely not all.

If you enter these trades in the direction of a longer term trend, and trail a number of them, the position you can accumulate over a few weeks and months can be tremendous. So are the profits!

-PeterCrowns-
  • #66
  • Apr 16, 2008 12:12pm Apr 16, 2008 12:12pm
Peter,

Thanks for all your posts, they are great info!

How many pairs do you watch?

Have a great week

Mike
  • #67
  • Apr 16, 2008 7:44pm Apr 16, 2008 7:44pm
Quoting mbqb11
Peter,

Thanks for all your posts, they are great info!

How many pairs do you watch?

Have a great week

Mike
Agree.

Peter,

A question I've been wondering about regarding open trades.

In a series of long trades for example, do you trail your stops at each new IB setup?

i.e You're in a long trade based on an IB, with your stop currently just below that IB. You get another I.B. later on in the same direction and set up for an additional trade. ....Do you then move your stop from the previous position to the new stop level?

Does this trailing also define your profits?
Do you ever close a trade for any other reason? i.e. End of Day.

My understanding is you hold indefinitely, letting the market close you out naturally on your stacked trades ....OR if you start getting set ups in the opposite direction, closing out all previous positions from the old direction.

Thanks again for your posts.

There are many of us here that trade based primarily on price bar set ups. This method you describe is simple and effective. Love it.

.
Bundy's status today: "Waiting..."
  • #68
  • Edited 11:53pm Apr 16, 2008 9:52pm | Edited 11:53pm
Well, this thread really should deserve more attention than it is now. Very valuable information being shared by someone who actually has useful information to share, rather than just theorizing on charts once the moves have happened. I really thank you Peter, and Bemac for starting this thread that insipired Peter to actually contribute.

Just to summarise, so I got this right in my head, this is the process as I understand it:

1. Look at yesterday's close, Day being defined as 0100 GMT (EDIT: SHOULD BE 0600GMT).
2. If current price is above that close (ie the hourly bar has closed above), we are looking for longs only, and vice versa. If during the course of the trading day, the price moves below yesterday's close, then we switch to looking for only shorts.
3. Wait for an inside to form, and then place order at high/low of inside bar, with sl being the opposite side of the bar.
4. Profit is discretional, but 1:1 is very achievable.

Now to the questions:

1. What do we do about gaps, eg, on mondays, when price can open as much as 50-60 pips gap, so price may be below yesterday's close, but due to the gap being filled is above today's open price

2. If we get consecutive inside bars, as there were on your last chart, do we keep moving the orders to the most recent inside bar? This would usually indicate a really good trade anyway, as there would be a wedge forming.

Next, questions unrelated to the Daily IBar method. You have stated that you very rarely trade this method below 1H. I am assuming that you have other methods on your bag that can be traded below 1H. What I have wondered is that the ppl who will facilitate large orders, ie provide the momentum in any particular direction, do they look at placing orders based on time, or on price? eg, 15M candle breaking/or close beyond a particualr price? Or is the hourly chart the most reliable one to use, for momentum? Since what we really are looking for momentum and be part of that momentum. I have often heard many respected traders here on FF say they do not trade anything less than 1H. Then I have seen quite a few that seem to be doing reasonably well trading less than that.

What I am really getting at is this, my theory is that we are small fish, and to make money in forex, we need to be on the same side as the larger players when they start to push/move price? Now what are these larger players looking at? Not necesarily indicators, but the time frame?

Hope I have made myself clear, and really looking forward to your reply.

Regards,
K.
  • #69
  • Apr 16, 2008 10:48pm Apr 16, 2008 10:48pm
Quoting PeterCrowns

Imagine the overall success rate of someone taking the opposite side of these breakout trades and only exiting when we exit. They would be trading with unlimited potential risk and only could look forward to very limited potential profits.



- PeterCrowns -
It's always enlightening to consider the other side of the trade. This is a perfect example of what can be learned from doing that from an even broader perspective. Excellent illustration of the need to exit quickly when it goes against you, and of the benefit of holding a piece for as far as it will go.

Once again, Many Thanks Peter!
  • #70
  • Apr 17, 2008 11:51am Apr 17, 2008 11:51am
Quoting mbqb11
Peter,

Thanks for all your posts, they are great info!

How many pairs do you watch?

Have a great week

Mike
-mbqb11-

I still watch the 4 majors (USD/JPY, USD/CHF, EUR/USD, GBP/USD), and sometimes the Pound/Yen.

I tend to focus on the ones in the best trends and then, lowest costs of trading- in that order. If a market has a better trend but worse costs, I will move up in time frame to 3 or 4 hour charts to compensate. The trend is who pays you.

-PeterCrowns-
  • #71
  • Apr 17, 2008 12:43pm Apr 17, 2008 12:43pm
Quoting bundyraider
Peter,

A question I've been wondering about regarding open trades.

In a series of long trades for example, do you trail your stops at each new IB setup?

i.e You're in a long trade based on an IB, with your stop currently just below that IB. You get another I.B. later on in the same direction and set up for an additional trade. ....Do you then move your stop from the previous position to the new stop level?

Does this trailing also define your profits?
Do you ever close a trade for any other reason? i.e. End of Day.

My understanding is you hold indefinitely, letting the market close you out naturally on your stacked trades ....OR if you start getting set ups in the opposite direction, closing out all previous positions from the old direction.


-bundyraider-

Thanks for the comments.

You are basically quite correct about my being willing to hold indefinitely. My understanding of how I ultimately profit from my style of trading requires it. This is all part of the most important area of study I know of for a winning trader- Utility Theory.

Utility Theory

People generally are unaware of the amount of time involved in a long secular trend, and usually are unwilling to hold winning positions long enough to profit to the degree possible. (This is a good thing for professional traders--)

It would take too long here to do a good job of explaining it. A friend who traded with me in the pits wrote an article in "Trader's World" on the subject and gave me permission to attach the PDF of the article here in FF. It is titled: Trading for Infinite Yield: Utility Theory and You.

That is what makes the markets so challenging, enticing, and yes--- so profitable. Because of the learning curve of the participants. Most people coming to forex want their profits daily or hourly. They're mistaking trading for a job.

Trading is a business where it really pays to pay attention and learn from the market every day. You will know just that bit more than the others who think they can just enter some magic numbers in a computer. (I am now thinking of some of the lame forex systems I've seen being sold: forex robot trader, forex killer, etc.)

Your questions-

  1. In a series of long trades for example, do you trail your stops at each new IB setup? i.e You're in a long trade based on an IB, with your stop currently just below that IB. You get another I.B. later on in the same direction and set up for an additional trade. ....Do you then move your stop from the previous position to the new stop level?
  2. Does this trailing also define your profits?
  3. Do you ever close a trade for any other reason? i.e. End of Day.



Good questions!

1. Each trade is handled separately. If I turn it into a "free trade" by dropping off half @ 1:1, I let each trade ride or get stopped out by the existing stop--OR THE TRAILING MECHANISM I AM USING FOR THAT MARKET, WHICHEVER GETS HIT FIRST! The trade has to stand on its own, or be stopped out!
2. Yes, my trailing stops ultimately define my profits.
3. Sometimes, but not very often.... I sometimes lighten up positions when I go on vacation, which doesn't happen often enough.

The thing you need to be thinking of, if you are interested in doing something like this-- is find some robust method for trailing your longer term positions, that you can live with for a very long time! Some use moving averages, some "turtle-type" stops, others use trendline stops on daily and weekly charts.

The key is you. You ultimately decide everything about your trading experience.

The way you think is what defines how profitable you will be. You need to let the market pay you. You shouldn't limit what it will give you.

-PeterCrowns-

Attached File(s)
File Type: pdf Trading for Infinite yield-- Utility theory and you.pdf   378 KB | 18,488 downloads
  • #72
  • Apr 17, 2008 12:59pm Apr 17, 2008 12:59pm
Quoting PeterCrowns
2. Yes, my trailing stops ultimately define my profits.


The thing you need to be thinking of, if you are interested in doing something like this-- is find some robust method for trailing your longer term positions, that you can live with for a very long time! Some use moving averages, some "turtle-type" stops, others use trendline stops on daily and weekly charts.



-PeterCrowns-
Bemac has posted an interesting stop strategy that can keep you in a trade for a long time. It involves widening your stop as the trade goes in your favor, but only to the point that profits still grow.
How about it Bemac? Care to detail it here? Seems like a good place.

Looking forward to reading the PDF, Peter.
  • #73
  • Apr 17, 2008 1:18pm Apr 17, 2008 1:18pm
Quoting billflet
Bemac has posted an interesting stop strategy that can keep you in a trade for a long time. It involves widening your stop as the trade goes in your favor, but only to the point that profits still grow.
How about it Bemac? Care to detail it here? Seems like a good place.

Looking forward to reading the PDF, Peter.
The PDF was a great read, thank you Peter(and thank your friend).

Just an idea I am testing now
One could potentially use a volatility based trailing stop. I use the BAT one for my other trades. The more aggressive you are you could change the settings. I would use a tighter setting on a lower timeframe such as the 15min. If you are looking to build a longer term position then just allow larger room on it to breathe.

Example with the volatility based trail from today

Either wait for a close below the trailing line, or if you want it to be tighter move along with it
Attached Images
  • #74
  • Apr 17, 2008 1:39pm Apr 17, 2008 1:39pm
Quoting billflet
Bemac has posted an interesting stop strategy that can keep you in a trade for a long time. It involves widening your stop as the trade goes in your favor, but only to the point that profits still grow.
How about it Bemac? Care to detail it here? Seems like a good place.

Looking forward to reading the PDF, Peter.
You cast some seeds and don't really know if they fall on Fertile Soil or Rock... Nice to know that 'Some' of those seeds fell on the Fertile side of things. Way to go Billflet. Hope it has been of some good to you.
Did a search for the post you mentioned but came up blank.
I remember posting it AND I Still use the Mental Equivalent {ie. it is always on my mind} of that strategy but don't want to confuse the issue by posting a variance of verbage here.

Bill, if you could,{or can} would you please, post the link {or simply post the verbage} of that comment I made.

{Sorry but, If I only searched MY posts, it would still take me quite a while to find it.}

AND, in case you are wondering, I remember the jist of the Post & Still use it Today.
  • #75
  • Apr 17, 2008 1:45pm Apr 17, 2008 1:45pm
Quoting kermut
Well, this thread really should deserve more attention than it is now. Very valuable information being shared by someone who actually has useful information to share, rather than just theorizing on charts once the moves have happened. I really thank you Peter, and Bemac for starting this thread that insipired Peter to actually contribute.

(The rules itemized were correct--Peter)

Now to the questions:

1. What do we do about gaps, eg, on mondays, when price can open as much as 50-60 pips gap, so price may be below yesterday's close, but due to the gap being filled is above today's open price

2. If we get consecutive inside bars, as there were on your last chart, do we keep moving the orders to the most recent inside bar? This would usually indicate a really good trade anyway, as there would be a wedge forming.

Next, questions unrelated to the Daily IBar method. You have stated that you very rarely trade this method below 1H. I am assuming that you have other methods on your bag that can be traded below 1H. What I have wondered is that the ppl who will facilitate large orders, ie provide the momentum in any particular direction, do they look at placing orders based on time, or on price? eg, 15M candle breaking/or close beyond a particualr price? Or is the hourly chart the most reliable one to use, for momentum? Since what we really are looking for momentum and be part of that momentum. I have often heard many respected traders here on FF say they do not trade anything less than 1H. Then I have seen quite a few that seem to be doing reasonably well trading less than that.

What I am really getting at is this, my theory is that we are small fish, and to make money in forex, we need to be on the same side as the larger players when they start to push/move price? Now what are these larger players looking at? Not necesarily indicators, but the time frame?

Hope I have made myself clear, and really looking forward to your reply.

Regards,
K.

-kermut-

Again, very good questions. And thanks for the interest. It looks like there are a number on FF who aren't just looking for the "perfect robot".

--What I have wondered is that the ppl who will facilitate large orders, ie., provide the momentum in any particular direction, do they look at placing orders based on time, or on price? eg, 15M candle breaking/or close beyond a particular price? Or is the hourly chart the most reliable one to use, for momentum? Since what we really are looking for momentum and be part of that momentum. I have often heard many respected traders here on FF say they do not trade anything less than 1H. Then I have seen quite a few that seem to be doing reasonably well trading less than that.
What I am really getting at is this, my theory is that we are small fish, and to make money in forex, we need to be on the same side as the larger players when they start to push/move price? Now what are these larger players looking at? Not necesarily indicators, but the time frame?

Without mirth, what you need to accomplish as a trader is get aboard a move before everyone else does, and not get bucked off by some swings after you get on. That may translate to "momentum" to you, but not to someone else.

There is a "cost" to trading. Time, execution costs, capital costs--- but mainly time. Time you could be doing something more constructive perhaps, like a job where you make sure money. (That has to do with "utility" too.)

It basically comes down to you having an edge that you are aware of that others aren't. You take your trades, the market facilitates you, and you profit because the majority of market participants really don't have much of a clue, even if they have been operating for a long time.

If you start with an incorrect premise: thinking that trading should be like a job, and you'll end up with a mistaken conclusion..., and losses. There are many on the FF forum who will chase their tails forever, or until they lose all the money or interest they ever had in this endeavor.

 

  1. The BIGGEST money is mostly interested in, and trades on what they KNOW. News, facts, inside information that they confidently can trade on. They enter today knowing what will be released in hours or days from now.
  2. The second biggest money trades primarily on price. They are the banks who offer a bid and ask to big and small traders. This is a huge business and is like a casino who has an edge on every transaction. They enter when others enter, they are only limited in profits by how many people they can get in their nets.
  3. The third biggest quantity of money is the funds who ride the bigger moves. They trade on price and time, breakouts of price/time periods or moving averages, which also are a price/time function.


None of the above care about 15 minute charts.

Small traders have the worst of it and the best of it.

We have the right and ability to not trade. We can wait until conditions suit us perfectly to trade. Big firms do not have that luxury. We need to use time and price periods that allow trading to "pool" in and then trend from.

Hence, hourly charts. We need significance to be on our side.

Those were great questions, -kermut-.

-PeterCrowns-

  • #76
  • Apr 17, 2008 2:01pm Apr 17, 2008 2:01pm
Quoting mbqb11
...
Uhh, Mike,
How do I say this....{'cause I feel I know you as a friend}

It appears that a few of the FF community have taken an interest in this thread. Some of whom have an above average degree of knowledge of the Market.
Rather than asking the "Lead" on the thread to test or "Check Out" various concepts or opinions, wouldn't it be stronger if You tested them yourself and replied with conflicts that you discovered?

Hey Mike, Hope you understand the direction I would like this thread to take... PM me if you feel I dissed you because that was certainly not the intent.
  • #77
  • Apr 17, 2008 2:35pm Apr 17, 2008 2:35pm
Quoting Bemac
You cast some seeds and don't really know if they fall on Fertile Soil or Rock... Nice to know that 'Some' of those seeds fell on the Fertile side of things. Way to go Billflet. Hope it has been of some good to you.
Did a search for the post you mentioned but came up blank.
I remember posting it AND I Still use the Mental Equivalent {ie. it is always on my mind} of that strategy but don't want to confuse the issue by posting a variance of verbage here.

Bill, if you could,{or can} would you please, post the link {or simply post the verbage} of that comment I made.

{Sorry but, If I only searched MY posts, it would still take me quite a while to find it.}

AND, in case you are wondering, I remember the jist of the Post & Still use it Today.
Found it. To Trailing Stop or Not To Trailing Stop.... View Single Post #28
  • #78
  • Apr 17, 2008 3:29pm Apr 17, 2008 3:29pm
Thanks Billflet {Bill}, That's the post I was looking for. Still in the same Frame of Mind.
  • #79
  • Apr 17, 2008 4:02pm Apr 17, 2008 4:02pm
Quoting Bemac

Hey Mike, Hope you understand the direction I would like this thread to take... PM me if you feel I dissed you because that was certainly not the intent.
Certainly don't feel dissed. I was merely trying to point others in the direction of trailing stops, as this is at the core of my breakout trading as of now and feel that it will integrate into this(as it is breakout trading). Believe me I wasn't asking anyone to do my research.

Take care

Mike
  • #80
  • Apr 17, 2008 8:06pm Apr 17, 2008 8:06pm
Quoting mbqb11
...Mike
Cool, mbqb11 {Mike}, On another note, Can you see any symbiosis between this topic and your Hunting strat? That would be cool. {hot}
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