CM-Briliant, I really enjoyed reading through the examples. A fine distilation of your "hitchhikers guide" to trading the Dow. It even includes the famous "Don't Panic" (an exit) quotation.
Many thanks CM for sharing your work and all the effort you have put in.
Best Regards,
Neil
Many thanks CM for sharing your work and all the effort you have put in.
Best Regards,
Neil
Thanks Chartman
Great article, even for someone who doesn't trade the DOW. Some good ideas and information and very well detailed and presented.
I feel that if anyone is trying to write a trading plan for themselves, they can get some idea of how to detail their trade entries, exits, general management and of course money management for whetever their style or entry signals.
Thanks
PS.
I think that page 5 needs a bit of attention from one of the tech people.
I think a chart may be missing here?
"Flags$image5 caption="Figure 5" alt="Chart"}" [Thanks Ardhill - fixed now. Daniel]
Great article, even for someone who doesn't trade the DOW. Some good ideas and information and very well detailed and presented.
I feel that if anyone is trying to write a trading plan for themselves, they can get some idea of how to detail their trade entries, exits, general management and of course money management for whetever their style or entry signals.
Thanks
PS.
I think that page 5 needs a bit of attention from one of the tech people.
I think a chart may be missing here?
"Flags$image5 caption="Figure 5" alt="Chart"}" [Thanks Ardhill - fixed now. Daniel]
Thank you Chartman,
Now I shall try to apply this to my Dow trading. The comments on triangle formations are particularly interesting as I use them a lot. I know that it is difficult to say how long a piece of string is, but am curious as to what would be considered an average length of trade, using this method.
Now I shall try to apply this to my Dow trading. The comments on triangle formations are particularly interesting as I use them a lot. I know that it is difficult to say how long a piece of string is, but am curious as to what would be considered an average length of trade, using this method.
Until you have reached a target..... T1 T2 etc. or you get taken out with a stop. Sometimes they fly, sometimes they just dither all day. I know some people exit after X minutes if their target or expectation is not met.
Martin - I thank you for the very great amount of selfless work which you have obviously put into your article. As a small trader I look forward to putting into practise your ideas and methodology which you have laid out so clearly in your article and hope to meet with improved success, regards,
Mike Butcher ( mallorca)
Mike Butcher ( mallorca)
I'm currently paper trading this system and it would be really helpful to me (and no doubt others) if anyone who is trading this could say at what time they opened and closed their trades today (and the index prices) so that I can compare that with what I would have done. For example I would have gone short at 15:24BST at 10534 and exited at 16:40BST at 10516. Is that what you would have done ?
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