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Magdoran:

This Thread was iniated by a question I recieved via PM , as part of the response I offered against my better judgement, to follow a TRADE I was in ( LHG ) with the inquirer.
( I have done this before and then as now found it to be extremly distracting to the trade --- leads to hesitation ).

I told the inquirer that I did not want the THREAD to end up like most of the threads on this site , off the original subject and just a slinging match . ---- That at the first sign of this I would bow out .

The THREAD is about SIMPLE trading methods with a bit of basic advice ( hence the post SHORTS ).

The THREAD is restricted to YOUR OWN PERSONAL and PRACTICAL EXPERINCE
What you have read but NOT applied --- Personal opinons with no Practical back-up---- Back Testing (horse racing systems) ---- DO NOT BELONG HERE

Practical contsructive critisim is more than welcome --- just be mindful of others who may be in a TRADE , that your comments do not distract them from what they are doing.

Exactly the type of thing I wanted to advoid is this reply to tech/a statements.

Early in the thread I stated that only 2 patterns iniate a trade , they are a RISING TRIANGLE or a BULL FLAG for a LONG, opposite for a SHORT ---- hence 70/80% S/R
( Practical not what I've read or Quoted from others )

The Count Back Line is used only as a confirmatin tool for Breakout Trading .-- It does not belong to Pattern Trading
There must be another unrelated signal EG: Trend line rebound, Bollinger Band rebound etc --- this was also stated earlier.

The C/B as a STOP (in a Trend Trade ) is only used as a last resort (insurance) -- by the time it is hit U should have been out of the Trade ---- also stated earlier.

The ADX --- at no time did I state the ADX was a entry signal --- what I said was that with a Topping Treading stock -- to shorten the 21d to 14d -- watch for D+,D- and ADX divergence along with Candles , Bollinger Bands etc , taken as a group they are INDICATING a warning ---- also stated earlier.

After a stock has maintaned its rise as a Breakout or Pattern , if a new UP trend is on the way the ADX will confirm this and can be used as a trend tracking tool , there are probably others , if you have USED them over a period of time and not mearly read about or back tested them, then bring them into the discussion .

This Thread is intended for posters who are ACTUALLY TRADING
Their Practical experinces and Practical advice ONLY

Cheers

<blockquote data-quote="coyotte" data-source="post: 78363" data-attributes="member: 3649">Magdoran:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; This Thread was iniated by a question I recieved via PM , as part of the response I offered against my better judgement, to follow a TRADE&nbsp; I was in ( LHG ) with the inquirer.&nbsp; ( I have done this before and then as now found it to be extremly distracting to the trade --- leads to hesitation ).I told the inquirer that I did not want the THREAD to end up like most of the threads on this site , off the original subject and just a slinging match . ---- That at the first sign of this I would bow out .The THREAD&nbsp; is about SIMPLE&nbsp; trading methods with a bit of basic advice ( hence&nbsp; the post SHORTS ). The THREAD is restricted to YOUR OWN PERSONAL and PRACTICAL EXPERINCE&nbsp;What you have read but NOT applied --- Personal opinons with no Practical back-up---- Back Testing (horse racing systems)&nbsp;&nbsp; ---- DO NOT BELONG HERE Practical contsructive critisim is more than welcome --- just be mindful of others who may be in a TRADE&nbsp; , that your comments do not distract them from what they are doing.Exactly the type of thing I wanted to advoid is this reply to tech/a&nbsp; statements.Early in the thread I stated that only 2 patterns iniate a trade , they are a RISING TRIANGLE or a BULL FLAG for a LONG, opposite for a SHORT ---- hence 70/80% S/R ( Practical not what I&#039;ve read or Quoted from others )The Count Back Line is used only as a confirmatin tool for Breakout Trading .-- It does not belong to Pattern Trading There must be another unrelated signal EG: Trend line rebound, Bollinger Band rebound etc --- this was also stated earlier.The C/B as a STOP (in a Trend Trade ) is only used as a last resort (insurance) -- by the time it is&nbsp; hit U should have been out of the Trade ---- also stated earlier.The ADX --- at no time did I state the ADX was a entry signal --- what I said was that with a Topping Treading stock -- to shorten the 21d to 14d&nbsp; -- watch for D+,D- and ADX&nbsp; divergence along with Candles , Bollinger Bands etc , taken as a group they are INDICATING a warning ---- also stated earlier.After a stock has maintaned its rise as a Breakout or Pattern , if a new UP trend is on the way the ADX will confirm this and can be used as a trend tracking tool , there are probably others , if you have USED them over a period of time&nbsp; and not mearly read about or back tested&nbsp; them, then&nbsp; bring them into the discussion&nbsp; .This Thread is intended for posters who are ACTUALLY TRADINGTheir Practical experinces and Practical advice ONLY Cheers</blockquote>

[QUOTE="coyotte, post: 78363, member: 3649"] Magdoran: This Thread was iniated by a question I recieved via PM , as part of the response I offered against my better judgement, to follow a TRADE I was in ( LHG ) with the inquirer. ( I have done this before and then as now found it to be extremly distracting to the trade --- leads to hesitation ). I told the inquirer that I did not want the THREAD to end up like most of the threads on this site , [SIZE=2][SIZE=1]off the original subject[/SIZE][/SIZE] and just a slinging match . ---- [SIZE=1][SIZE=2]That at the first sign of this I would bow out[/SIZE][/SIZE] . The THREAD is about SIMPLE trading methods with a bit of basic advice ( hence the post SHORTS ). The THREAD is restricted to YOUR OWN PERSONAL and PRACTICAL EXPERINCE What you have read but NOT applied --- Personal opinons with no Practical back-up---- Back Testing (horse racing systems) ---- DO NOT BELONG HERE Practical contsructive critisim is more than welcome --- just be mindful of others who may be in a TRADE , that your comments do not distract them from what they are doing. Exactly the type of thing I wanted to advoid is this reply to tech/a statements. Early in the thread I stated that only 2 patterns iniate a trade , they are a RISING TRIANGLE or a BULL FLAG for a LONG, opposite for a SHORT ---- hence 70/80% S/R ( Practical not what I've read or Quoted from others ) The Count Back Line is used only as a confirmatin tool for Breakout Trading .-- It does not belong to Pattern Trading There must be another unrelated signal EG: Trend line rebound, Bollinger Band rebound etc --- this was also stated earlier. The C/B as a STOP (in a Trend Trade ) is only used as a last resort (insurance) -- by the time it is hit U should have been out of the Trade ---- also stated earlier. The ADX --- at no time did I state the ADX was a entry signal --- what I said was that with a Topping Treading stock -- to shorten the 21d to 14d -- watch for D+,D- and ADX divergence along with Candles , Bollinger Bands etc , taken as a group they are INDICATING a warning ---- also stated earlier. After a stock has maintaned its rise as a Breakout or Pattern , if a new UP trend is on the way the ADX will confirm this and can be used as a trend tracking tool , there are probably others , if you have USED them over a period of time and not mearly read about or back tested them, then bring them into the discussion . This Thread is intended for posters who are ACTUALLY TRADING Their Practical experinces and Practical advice ONLY Cheers [/QUOTE]

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