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Old 06-20-2007, 11:46 PM
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Re: The "ABC" Trade

Walter - I'm beginning to think that you need to get into the business of writing possible trading strategies.

The band breakout/pullback is an interesting method. I never had much luck with bands - mainly Bollinger and Keltner - as I felt it was hard to really distinguish when to play the break and when to play the breakout. In other words, as price is approaching a band, do you play that it will bounce off or play that it will break through? With the indicator(s) that you have at the bottom of the chart, maybe that will help.

I attached some screenshots of your charts for consideration. I'm wondering if there's a way to filter some of these possible entries out that do not work.

Also, in the spirit of the forum, I think it would be good if you highlight trades that failed as well. Please don't misinterrupt this comment, but from some of the charts that you post, it appears that you are developing bullet proof strategies daily. Obviously that's not true, so it would probably be helpful to everyone, incl yourself, to point out areas of failure as well to get a full picture. Just a suggestion. I find that it's easy to look thru rose colored glasses when it's your hard work and ego on the line.





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