Recent content by JT30

newDave, Interesting. If you don't mind my asking, what do you use in the meantime -- before transitioning to the Chandelier stop? Just trying to figure out a good stop to use in conjunction with the Chandelier, if necessary.

Hi. I had known about Straddles for a while now, but am only starting to get into actually trading them now. One thing I had always been led to believe about them is that they are direction-neutral. That is, all you're looking for is a substantial move in one direction or the other. Now that...

Well, there are some interesting (and fairly harsh) comments here. In a way I'm sorry to hear it, but in another way, I'm glad that spread trades, in terms of margin requirements, are in fact as advertised by the books I've read. As for TOS, I've always been very happy with them on the...

Hi. I'm very interested in getting into commodity spreads in order to provide some diversification to my equities trading. I've read several books on the subject, and one common theme in all of them is that spreads have MUCH smaller margin requirements compared to outright futures positions...

Hi newDave, Unfortunately, I think we're kind of in the same boat. Except that for me it's not quite that I've decided that the strategy doesn't work, but that it's much harder to implement than I had originally thought. That is, like you, I was originally excited about it, but I found that...

I see your point, but I guess the rationale would be that if the uptrend is truly intact, price should not retrace more than a certain number of ATR's from its high point. Remember, if you're already in a trade and a high is made and then a pullback occurs, supposedly your stop SHOULD remain at...

Well, that's fine, but then he shouldn't be selling instructional DVD's with partial information (which he does). That is, either sell the information, or keep it completely secret and only sell your service. But don't try to do both. But, whatever. My point is not to attack Mr. LeBeau, so...

Actually, I have to wonder if the reason he ignores questions on this topic is exactly BECAUSE of his "Smartstops" service! If you know what I mean.

Well, that's true with EVERYTHING in TA, isn't it?! But the question, to me, is what is the BEST way to use it. Theoretically, the best person to answer this question would be Chuck LeBeau himself, but I've already tried that and he ignores me. But anyway, okay, so even at (what you hope...

Okay, so there ARE some people out there who actually use this strategy. Good! Now, I'll tell you some of what confuses me about it. So I know that for a long trade, the stop is supposed to be a certain number of ATR's from the highest high since the trade has been in place. But what...

Hi. I'm wondering if anyone here is familiar with and actually uses Chandelier Stops. I'm interested in them, but there are a few things I'm a bit confused about. I actually tried e-mailing Chuck LeBeau (the guy who came up with the idea) about it, but didn't get a response. So, I'm trying...