Tuesday, June 1, 2010

More Examples of my Trading Style


Just another Explanation of my trading.
Step 1. Acc/Dist on Volume breaks below Support: ENTER CORE SHORT POSITION

A. First Trade: Clearly 50 period CCI is well below -100 and 5 period just peaks around 100 forming V: ENTER SHORT POSITION (Targeting 6 ticks with 5-6 tick Stop Loss)
B. Repeat
C. Woodie and LONG CCI starting indicate end of Downtrend, Might consider getting in if your aggressive. It's up to you. I would have closed out core position, but still taking a short position with half the typical size.
D. Clearly Downtrend still stay: Take another Short Trade (Target 6 ticks- same 5-6 tick stop loss)
E&G. Repeat of C. But more pronounced, I would not have taken this trade.
F. With such high volume, and quick 4 quick successful trades already: You might want to take another Short position (I'd suggest half of your typical size)
H. CCI and Woodie confirms end of Downtrend. Close out Core position if your still holding onto it.

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