ES Journal Archive (2006 - 2008)

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That is all fair enough, getting on board a trend for the purpose of holding a position for weeks is another matter, you will have to either strip your position size to widen stops or keep them same as if you were trading full position & be ready to get stopped out quite a few times and on top of it all be ready to give back profits that can take quite a few weeks to accumulate, not my cup of cha. But hey, what the hell, good luck with that one :)
 
Quote from Allen3:

Hey Apex,

Quick question: What do you consider a reversal bar? Is it just a break above the previous bar or does the bar have a certain structure? Gracie.

JIM
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When you hear me talking about them... yes. There are many different types and that is the most basic and the one I employ the most. At certain times, I will weight more size etc if a stronger reversal bar pattern occurs.
 
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