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interesting.
have to think about that.
They are not valid because they are counter trend trades. The trend is down, if you read on you will understand that part of Trident is to take with trend trades only.
Y worry Murray
why aren't the two trades not valid ?
sep 9
sep 15
Why is TRIDENT very disappointing ?
Because the trader still has to pick a good bottom.
The profit to risk will always be 3 to 1
which is definitely in the trader's favor
page 63
CRITICAL PRICE
Once a trade has progressed to the CP, there is a degree of profit in the trade.
A tentatively profitable trade no longer need carry the risk of loss, since the basis for that trade was valid.
CP is reached about 85% of the time .
MANY TRIDENT TRADERS TAKE PROFIT HERE.
Reaching CP is proof that P3 is valid.
PROTECTIVE STOP should at least be moved to BREAK EVEN.
PAGE 59
PROTECTIVE STOPS
A TRIDENT TRADE once executed must be abandoned when and if
the price swings one tick below P3
PAGE 56
3 CRITICAL PRICE =CP=(P3+T)/4
the price at which an expected price swing may fail
as shown above
PAGE 54
2 ENTRY=((P2-P1)/4)+P3
PAGE 49
In up market price swings to he up side yield greater profits than
swings to the down side
trade the action, not the reaction
PAGE 47
see my board below for actual trades in TNA and TZA
http://investorshub.advfn.com/TRADING-TNA-AND-TZA-12981/
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