Trend Follower: Primary and Secondary Corrections Relative to Height and Distance of Dow

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Saturday, February 18, 2012

Primary and Secondary Corrections Relative to Height and Distance of Dow

Almost the same height and Distance.

"Dow theory is a commonsense method of drawing useful inferences as to future market movements from the recorded daily price fluctuations of the . . . [market] averages."

Properly .considered, Dow Theory provides the key starting point with which to analyze stock market behavior. Many of its definitions and principles apply not only to the stock market but to all financial markets as well. V. Sperandeo." market Wizard

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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.

Saturday, February 18, 2012

Primary and Secondary Corrections Relative to Height and Distance of Dow

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