elovemer

... if opens at globex short.... ... it would be a rth long

89.75 was low pivot. 99.5 was high pivot --------------------------------------------- next low pivot was 90 ------------------- next high pivot was 96.... would be a stop out at 86 ---------------------------- next signal from 81..... 91 short but gap is above

waiting for 87.25 ..or 10 from the last low pivot

look at angle and shape of 9/18 on the way down

on the 03....93 regarding trend.... ... look at the 9/18 when price got to 97

on the 03....93 at 4-5 ... or 07--08 if you believed the trend was down.... you would just reverse position and use the gain to fund a stop on a short entry ...also... the gap was below any long entries... which is bearish for long plays

on 03....93 management was at 91.75 plus 3 ... or 95.75 and then again at 93 plus 3 .... or 96

waiting for 87.25 .... or 90.5........ 00.5

03 ....93 97.25 .....87.25 ........................................ but looks like trend may be down

86.25.....96.25.....06.25

... i should have said "use trend system on 10 pnt basis" .. the current system is a fade system ...already .............................................................................. QUOTE for trend market.... use fade system on 10 pnt basis for example.... if one believes there is trend.... on wednesday 47...38 and 43....33 the method is to reverse position on a 4--5 point gain the objective is to use the counter trend trade to fund an entry in the direction of trend

... the system is not easy... ... because for the most part one should take all signals produced.... and try not to avoid taking any signals... ... when you take a signal which doesn't work out.... you are stuck with a 3 point loss, depending on whether you entered at 9 or 10 points and used a 3 point stop on it (in either case the max loss is 3 points) ... 2 ways to minimize the losses, are one) ... to move your stop to the turn if it goes 3 points from the turn ..and move your stop to break even if it goes 3 points from your entry (if you entered and it went 10.25--12.75 points before turning) ... on the trades that don't work...sometimes you still get a small bounce at 10 points ... hopefully this small bounce is at least 3 points so you can move the stop to the turn for a small loss later or even move it to break even depending on how big the bounce was two) either stay out or use a trend system as described (rather than this system which is a fade system) three) think twice before taking a signal if there is a gap which has not been filled in the other direction.... think twice if the 9/18 sma says stay out == .. to try to answer your question about determining trend i am posting the same chart as the last one... but with a 9/18 sma on it ... where price was dropping, look at the angle of 9/18 ..and the distance between the 9 and 18 lines.. and how they are parallel to each other with no divergence ... this condition shows that there is a very good chance for continuation or trend ... now compare this condition to how the 9/18 looked on the previous signals in the chart ... moving sideways, bulges between, no steep angle, not parallel to each other so, for example, let's say you went short at the high signal .. if you were already short, then the 9/18 might either keep you in the trade at 10 points, or it might keep you from taking a long, or reversing to long ... even if price doesn't continue for another 10 points, the 9/18 could still save you from getting stopped out on a move which goes more than 13 points before turning ... on a side note, i am still trying to work out the trend system rules... or... what rules to use when the trader wants to capitalize on the trend rather than fade it ... and as said previously, the fade system is not mine. i did not come up with it.

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25.25.....35.25 stop 38.25 manage at 35.25 ........................................ 39.25 .......29.25--30.25 stop 26.25 manage at ? ?

for trend market.... use fade system on 10 pnt basis for example.... if one believes there is trend.... on wednesday 47...38 and 43....33 the method is to reverse position on a 4--5 point gain the objective is to use the counter trend trade to fund an entry in the direction of trend

25.25......45.25 =================

until the range is broken.... 20 points is the signal to watch

47....27 again .......... ........... ..........

47.....38 ... trade management at 41

47 .....38--37 ................

.. if trend, either stay out... or focus on 20 points instead of 10

globex 26.25.....46.25

... trade management is not necessary when the trade goes against one ... but very very important... when the trade goes in one's favor ..... moving stop to break even... when ? .... trailing stop ... when ? .... take some/half off ? when ? ... take all off ? when ? stay in trade at 10 points, or reverse position ? when ?

26.25 .........35.25--36.25

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