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Steve46, Thanks for your comments. Did you try one specific entry technique or multiple ones? I haven't taken his course so I'm not too sure about which ones you may be talking about. I've also wondered how they could be used with stocks given the extremely tight ranges, even the SPY sucks...

So no one uses 123s etc? That's interesting.

Are there any traders on this board using Kevin Haggerty's entry techniques, and if so, with what degree of success? The ones I have in mind are the opening reversals, 123s and slim jims. Thanks for your ideas and comments, Maverick.

Ges, That's great, maybe Vorzo and others will find valuable information in Jack's posts.

Vorzo, Good luck with the above, lol.

IMHO, it's just not worth being long at current levels. The risk reward of the trade isn't there and those who were long from lower levels have probably scaled out with only a fraction of their position left on a trailing stop. Sure, the market can do anything it wants. 9000 maybe, but is the...

Probably a good time to take profits on VLO. Displayed interesting relative weakness over the last few days and put in a low of 36.37 today. The selloff today was further evidence of a change in trend, but the stock can also pullback here. Mav.

Yeah I hear you. What I should have said rather was s/r trading can work but is not a piece of cake by far due to all the stop running. Takes a lot of discipline to deal with those mmakers.

5287, Those chapters were immensely helpful to me too. As Vic points out, even the biggest educators out there sometimes fail to precisely and rigorously define how to to draw a simple trendline. As you say, it is indeed, akin to being able to read, or even, knowing the alphabet :) The...

Isn't it interesting to see the fake out yesterday before the big move above 91? Those who were long from the first break of resistance still may have not been stopped out if their stop was slightly below the consolidation. Anyways, just goes to show, simple (not easy) s/r trading works...

Blunder! Sorry I meant he IS light years away... in the above. My mistake :) Mav

Trader Vic's respect for risk is something I have always admired and tried to learn from. As many have already said, his two trading books are packed with extremely valuable ideas. I constantly go back to them and reread certain sections. One of his technical indicators is worth a LOT of...

That sounds far fetched and like babble to me. Mav.

Acrary, Thanks for the link, I hope that people would be respectful and not abuse it. To everyone who posted, thanks for your input. Mav.

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Does anyone know if Trader Vic is still managing money? I've heard of Ragnar and Hugo Securities but don't know if he's still there. I was also wondering if anyone has ever looked into his analysis of trend duration and time risk profiles? Maverick

ABC breaking down. Maverick.

Well said. Understanding is key, not blind use. maverick.

Ebay looks like it's being accumulated or distributed right now, which one we won't know until there's a clear break and the trend changes or resumes. The obvious s/r levels 91.41 and 84.34 should be watched, I believe they will tip the smart money's hand... sp... until then.... patience...

Of the original list, ABC has displayed relative weakness and is in the process of putting in a reversal bar after the anticipated pullback. I'm not too hot on this one however, even though it did seem to be the weakest stock, technically. Seeing what happened to the other stocks reminded me...