The most effective calculation point for a time stop...

[RangeTrader]

A time stop's starting point should be calculated from the engulfing reversal and/or the lowest low/highest high before the engulfing reversal.

That is the best way to do it. No second guessing and makes for easy backtesting. I prefer engulfing reversal.

That is if you don't have the gut instinct to just do it by feel... Which is the better way IMO.

 

[ocean5]

hahaa..

please stop posting bamboocha bands

 

[murray t turtle]

Quote from RangeTrader:

A time stop's starting point should be calculated from the engulfing reversal and/or the lowest low/highest high before the engulfing reversal.

That is the best way to do it. No second guessing and makes for easy backtesting. I prefer engulfing reversal.

That is if you don't have the gut instinct to just do it by feel... Which is the better way IMO.

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R-Trader/Trender
thanks.

Problem with ''gut feel'', that really doesnt help without much experience.And there are a few markets, in which i have done well, for many years ;
but my'' gut feel'' tries to get me out weeks or months ahead of the trend end.


Moving averages, quarterly candle charts[meaning 30 or 40 candles per 10 years/+.......]. are much moore helpful to me than any kind of ''gut feel'' Lots less comissions/slippage help much, also.........................

Wisdom is profitable to direct.