Trend Follower: The Dow new support level at 11200.

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Monday, November 15, 2010

The Dow new support level at 11200.

The intent is to catch major moves, to indicate the beginning and the end of movements of importance. There is nothing complicated about it. The various phases will be absorbed quickly and with easy understanding by those who are interested. 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.

Monday, November 15, 2010

The Dow new support level at 11200.

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