Trend Follower: The Art of Tape Reading 2, looking back at March 2009 bottom

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Monday, August 29, 2011

The Art of Tape Reading 2, looking back at March 2009 bottom

Volume increases at the bottom March 2009, just look at the volume this week, it is the most significant since 2009.

. When it resumes its advance again in a few days, you will notice that the volume of sales at that time is not nearly as large as it was in the beginning of the move. The stock is becoming harder to buy. Livermore

Fractals??? High volume at the bottom.

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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, August 29, 2011

The Art of Tape Reading 2, looking back at March 2009 bottom

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