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Old 12-28-2006, 03:04 PM
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walterw walterw is offline
walterw is The Trader Chimp

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Re: My Entry vs My Stop vs My Exit

I will present one of my basic aproaches to trading... non different to the ones presented here on this site... I call it: Happy M Trade just about any tradeable instrument is plagued all over with M`s , this formation responds to a major concept related to the psicology of the masses, but we dont need to get in to deep on does details, just open any chart, start spotting M`s and you will find hundreds of them... now M`s by them selfs dont mean nothing... but M`s at key levels they do mean a lot... I became obsesive with RRR some time ago and started to find the best way to really have a ultra competitive RRR on my trades.... I thought this : I am not a good analyst, I dont have good setups well lets try being a good RRR `ist and find a simple or maybe stupid setup that will at least have an extraordinary RRR... so M`s came on the way ... and they DO THE JOB ... this M`s formations have the virtude of giving a terrific RRR on trades... even if you get cooked 50 % of the times still you can survive thanks to the RRR in this pattern. I attach a theoretical explanation, I do trade the anticipatory pattern, first the theory later the charts... cheers Walter.
Attached Files
File Type: xls Classic M.xls (16.0 KB, 195 views)

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