Saturday, December 31, 2022
Simplicity and robustness - learning from Linda Raschke, Ken Tropin and Curtis Faith
"The minute you think you have found the key to trading, I promise you the markets will change the lock." - Linda Bradford RaschkeIt is very easy to think that there is a magic set of parameters which will work best in a chosen market.
The problem is that a certain set of parameters, on a particular timeframe, may work well for a specific period of time, in specific market conditions. But as soon as you dare think "Eureka - this is it!", the markets will change character and those parameters will not work as well.
Posted by Trader Steve No comments:
Thursday, December 15, 2022
Below is a testimonial received from Paul, who I have known for a number of years now and has continued to make progress as a trend follower:
Monday, December 12, 2022
A typical example of a losing trade cut short
Here is a typical set up which I opened a position last week and cut taking the small loss the following day.
There is nothing out of the ordinary in the set up on this stock - there has been some recent price strength, a pattern of higher highs and higher lows emerging, combined with a consolidation period where volatility (as shown by my Volatility Factor indicator) has contracted.
Posted by Trader Steve 4 comments:
Saturday, December 03, 2022
Current trades update and more potential setups
In this recent post I mentioned a couple of potential set ups I was watching as well as including the charts highlighting some recently taken trades. Here is an update, plus a few more setups which I've added to my watchlist.
Posted by Trader Steve 2 comments:
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