Trend Follower: LCB and BHI

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Wednesday, August 24, 2011

LCB and BHI

"At the first part of the movement of this kind the distance above the previous high point to the next high point is not so great. But as time goes on, you will notice that it is making much faster headway on the upside." Livermore

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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.

Wednesday, August 24, 2011

LCB and BHI

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