A 70k bet that I can't make a 50% gain in 2009

BTW, has anyone done a roundup of geez's 4 main setups together with charts ?

I must admit to being a little unclear as to what exactly the setups were....
 
Quote from Dr Who:

BTW, has anyone done a roundup of geez's 4 main setups together with charts ?

I must admit to being a little unclear as to what exactly the setups were....
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I know of two setups we use all the time against the backdrop of trend-following and relative strength/weakness. Shorting a lower high in a down trend, buying a higher low in an uptrend.

Seriously, if that's all you ever do as a trader, you have yourself a paying job.
 
Quote from Dr Who:

Thanks NOD and Coudy....

I know you were following him closely NOD. You still making it pay ?
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Frankly, this strategy has been like an ATM machine.
 
I have been swing trading for a while, and am trying to get more into daytrading. i read this thread and tried to use this strategy and I mus say the first one was a success. I think I followed it but have a question about exit.

I bought TCK, 100 shares, $20 risk. I know, small potatoes, but trying to learn with small $ right now. Set the stop at 40.32(the higher low), targeted $41(last high). Bought Long at $40.52. I ended up selling at $40.85 because the chart for SPY on the 5 minutes time frame reversed directions. Is this the appropriate exit strategy for this or should I have held and waited for the target?


Did I follow this setup and trade similar to how geez was doing it?

Just trying to learn, thanks for any input.
 
Also, what are people's opinions of best scanning software ? I know geez did it all manually and there's something to be said for that but I like to automate where possible and in this case it would seem sensible to have some software that can alert you to possible trades.

Most stuff like TS and AIQ is quite expensive and I wondered if there are viable alternatives around..

Thanks for any suggestions...
 
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