Trend Follower: The Blue Chips

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Thursday, July 21, 2011

The Blue Chips

The Stock market drop last March 31 due to Japan earthquake and nuclear problem. P6 then consolidated and if you notice in the charts below, it is beginning a new uptrend leg which started July 1, that is why I mentioned before, " just found their bottom"

BDO

EDC

DMC

MBT

SCC

2 comments:

Anonymous said...: what software are you using?

for the graph.

thanks!; July 22, 2011 at 1:12 AM
About tracer said...: Snagit, by Tech smith or Jing, very fast for sreenshots, faster than words.; July 22, 2011 at 3:18 AM

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 21, 2011

The Blue Chips

2 comments:

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