lowtrade

[lowtrade]

Yes That's one of my tips. Glad someone is remember the info I post.

Was up all night tonight binging of Sherlock Homes movies. Check the board before bed. And your question open up a flood of thoughts in the back of my damn brain. LOL

That Tip, like all my info, is for educational purposes. It is offered as an aid for decision making, not a rule to trade by. Some may chose to use it as a rule in their individual trading style. I don't. That doesn't mean I shouldn't make the tip available to readers. I just did post about Tips, Rules of Thumb and how they are aids to decision making.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105316394

Basically saying I provide info so individual traders can pick and choose what they want to incorporate into their trading style. I don't use every bit of info provided myself. But if others feel it will help, after seeing it happen often. At least they can look for it and decide to trust it when ready.

It's not my way only. What's good for me isn't always good for others and reverse. The board is meant to be Ala-carte. Not buy the package.

I personally don't like/trust emotion, so I don't hold after large first gaps or buy second day lightning strikes continuation for example. Many do. The idea here is to become an individual trader not Lowtrade clone.

If you see first gaps in the start of a new run, left behind all the time. And trust it to repeat, increasing your odds for success. Then include that as a trade planning rule. Trade style rules are followed every time. Tips and Rules of Thumb are aids to add comfort in entry/exit decisions. I only include TIPs and Rules of Thumb in my trade plans if I really feel the chart deserves it.

Example; I often use the TIP as a trade rule; Take profits on the first red day of any run, seen having exhaustion signals. That is incorporated with in my trade plan for most every trade entered. But my Rule of Thumb for FIBs bounce at 38%, 50%, 61% and below, isn't used with most every flag trade. It's used to aid with entry/exit decisions. I may increase my trade starter position size if a flag bounces from 50% or above. Because I trust top resistance will at least be reached. And from below 50% I may decrease any starter position. Because any retrace comeback has 2 or 3 resistance levels above.

A long, possibly confusing, babble answer to a simple question. Not my basic, simple and clean catch phrase. LOL But I felt many should understand the goals at the board is to offer experienced info they can draw from. Not follow to the letter.

I know many people like trading gaps now, because I tout 90% of common gaps fill. I see many posts referring to Lowtrade says, 99% of gaps fill. (error 90%, not 99%, but they want to make a point I guess) And they have seen it so many times, they now trust and trade gaps. But first gaps in a new run left behind; is usually/normally, not 90%. Usually or normally is over 60% of the time. I don't trust that, I watch for the norm for comfort. And re-enter on continuation, if target is far enough away to warrant re-entry. That's my "capital preservation is as important as gain" trading style. I'd rather pay trade fees, then lose gains.

Another example; Runs normally last 3 to 5 days. I don't plan to exit every trade on day 6. But I watch for red with volume that day. and take profits if I se it.

Enough babble done.