Trend Follower: The PWR of "N" 3

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Thursday, July 14, 2011

The PWR of "N" 3

1. Small candle “ few interested”

2. small gap up “ increasing interest, long pull

down from the top”

3. Larger gap up, “ more interested, more longer

pull down from the top”

4. Large gap up, smaller pull down from the top.

Notes: All tails same lenght. (Pull done from opening price), all three candles, same height.

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Tracer's Trading Rules

1. No Set up, No Trade

2. Plan your stops before entering a trade

3. Let you profits run

4. Never argue with the tape

5. As soon as your price move in your favor, increase you stops.

6. Always be on the look-out for danger signals.

7. In a losing streak, take a vacation.

8. In a winning streak, add more.

9. 3 rules you must always follow, 1. cut-losses, 2. cut losses and rule number 3. cut losses.

10. I do not have targets.

11. Keep Learning. The market is constantly changing. No strategy works forever.

By following these rules, you have limited risk and unlimited profit potential.

Thursday, July 14, 2011

The PWR of "N" 3

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