back start next


[start] [1] [2] [3] [4] [ 5 ] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57]


5

Chiiptcr 4

liiicTFUCtliini: Eiury SigEKils My sntermEicJiate entry signafs are as foltoS, and I usually take tfiem:

breakout oi the lowest lov; of the fast ihiee days taken as a group A breakout of die highest high of the last three days taken as a

group.

° A breakoot of any individual low of the last three days. This includes a breakout of yesterdays tow,

A breakout ol any indtvidiEal Jiigfi ol the lust tliree [lays. Tfiis includes a breakoLst of yesterdays h[gfi.

The breakout must be by virtue ol prices trading itirough my entry points. A gap opening past my entry pomt nutlifies ifie trade iiiitialfy.

This is a very simple tecfinigue aruJ docs not need miuch explanation. I will enter a trade nt a breakout as described above. The stronger trade rnay corne as a result of a breakout of the highest fiigh or lowest lov; of the last three days. At times it takes moch pent up momentum to overcofne the extremes of tfie past three days of trading. But. this is not always the caso-Sometimcs the move is neady spent by tfie time the breakout occurs. One

has to experiment with these to come to see them more cleariy. day breakout can act as a filter for lesser trades.

hic three

The following four pages contain e;<amples of my InterrrKuliaic Entry Signals.

18%

I

1G571

1G37G

13182

179B6

177JB

DreakoLit of the liighBt hijli of the last three days.

are a \ \oui:A .

Arrows point lo tfio t)reakout jjoini on liie actual breakout day.



30218

1 L L

373 2

3(

! j:j

31773

33920

330&2

32283

3134G

304

IlnMkni.it of the louest lais □ f the last three days.

->

->

Ho gap openings are aUcjuEil.

-L -fc -I

6750

bGB2

&612

6513

647

6337

26

J .1

6193

6130

brealjGut of rtii itid iyidue 1

ItJU .

Ha f/ap openings a 1 1du(?< ,

Arrows pouii \.o xhc. brcakoijL point on \ actual tKeakuut day.

Arrows point to tfie brookout point on ihe actual broakoul day.



42BB

421B

4

I - 1

>

4078

43

93

3859

3789

3720

3659

*ic\\i ceiiii]t(E d 1 lowed .

breakout of any iiid iu idual liicfli

r t - L

3589

Arrows point to the breakout [ on ihe actual breakout day

(?liapLCr 5

hWnoT !:]ilry SiiMillii

My rninof entry sigridJ is as fallows, and is optiona

second breakout of the first tradinu confjcstion to form or. the cliajt aler the ojjeniiig. Tliis niay isiclude a congestion carryover from [he pnjvimi.s tiay.

By iliLs time dieru sfiould be little lefi to explain about fiow [hit;se imr.st take place. 1 cuter only by virtue o( prices liading tfirough the bieakout fioint. To prevent l>eiing filled on a yap, t use stop ord[.rrs after the oreri. More about this in the cliapter about ordedrKj,

f lores an cxami:i!c of what 1 aian.

t r

I

DrtftktLit of the Tirsl L:aiiyr;yti(;ii [ 1 ilic clkrt .iftr the Qpeniny.

It fidtcliES a cuiijestiuH fien tlic

< >

or\ second tine tlircigit.

I > I I.

"i

f,[%

6533 653 6S[{G

5

GS4H



[start] [1] [2] [3] [4] [ 5 ] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57]