ROWAN COMPANIES RDC DAILY - TREND TRADING METHODOLOGY
EDUCATIONAL PIECE:
Using the "trend indicator" to manage entries and exits together with CCI.
1. 2-month high/low in RANGE MOVEMENT (my TREND INDICATOR) defines the trend. \
1a. Uptrend if 2 month high. Downtrend if 2 month low.
2. Wait for an oversold condition (CCI -100) in an uptrend. Wait for an overbought condition (CCI +100) in a downtrend.
3. Wait for the Previous Day High to break to enter long in uptrends. Wait for Previous Day Low to break to enter short in downtrend.
4. Risk 3 Avg Trading Ranges (using 11-day average true range, ATR)
5. Exit when CCI hits +100 for longs, or -100 for shorts.
Note the enclosed trade setups, entries and exits.
Tim 11:31PM EST, Thursday May 29, 2014
Using the "trend indicator" to manage entries and exits together with CCI.
1. 2-month high/low in RANGE MOVEMENT (my TREND INDICATOR) defines the trend. \
1a. Uptrend if 2 month high. Downtrend if 2 month low.
2. Wait for an oversold condition (CCI -100) in an uptrend. Wait for an overbought condition (CCI +100) in a downtrend.
3. Wait for the Previous Day High to break to enter long in uptrends. Wait for Previous Day Low to break to enter short in downtrend.
4. Risk 3 Avg Trading Ranges (using 11-day average true range, ATR)
5. Exit when CCI hits +100 for longs, or -100 for shorts.
Note the enclosed trade setups, entries and exits.
Tim 11:31PM EST, Thursday May 29, 2014
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
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Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.