Traders' Roundtable

Folklore isn't just Paul Bunyon, Daniel Boone and Davey Crockett. There's a distinction between trading skill/money management versus 10% margin, no upticks, outside capital, acts of God, press releases, and insider information. For clarification, here's a sketchy chronology: By 1900, aged 23, he ha...

For long entry I use a 120 day HHV (6 months) when FILTERED with an ADX 14 above 30 and rising. My initial sell stop is 3 ATR (which flexes with volatility). Once I'm "in the money" meaning the inta-day low is above my basis, I tighten the stop to 2 ATR and ride the trend.

OK gentlemen (and ladies): Other than not being early, WHAT IS WRONG with a simple system of buying a 120 day HHV, filtered by a rising ADX above 30, setting an intital stop at 2 x the 20 day average true range, then once in the money, adjusting the stop to a 21 day LLV and riding the trend until st...