Tuesday, February 14, 2006

FIRST KICKIN TODAY MON.......WOHOAAA!!!!!!



Well, what can I say, the low was taken out of the first bar this morning and using the 70 tick chart when the stoch....and this is according to the rules.....when the stoch goes above 10 and then comes back into the 0-10 zone....we have to manage the trade.......so at point "A" we covered half and moved to BE......If you used the idea of trailing your stop by watching the last bar on the 3 minute chart and if the high of the last bar is taken out......cover the trade.....well you did good......


Then CB updated her charts and found this little symmetry area for the trend to continue or fail....Now the question is....as always.....


What do you do after the first bar or even the third bar trade. WELL, you should have an ideal setup...something that you can actually wait for....and wait for....and wait for....and wait for....and even wait more for....but most of you can't.....you have to press the envelope and make stuff up...and give it back or worse, get in trouble.

But if you waited, like we did for the ideal setup......well we had symmetry, we had green painted bars, the stoch was oversold...and the 50 CCI ZLR was there...and it triggered by taking out the high of the setup bar without taking out the low......and when the stoch on the 70 tick got to overbought....well half off and trail that stop.....YAWN....so another great trade but you have to wait...and wait and wait at times.....do you wait for "your" ideal setup????

2 comments:

Anonymous said...

Thanks for the charts and trade set-ups. I am seeing the light.

Anonymous said...

Dennis,

What are your settings for the cci? I am using 6 and 50 but mine look a bit different than yours... Thanks,

Mar