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Technical
trading method
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Daily Charts
-
What is the current
trend?
-
Is the current price
above or below the 20 day SMA?
-
MACD Histogram: in
the last 3 days is it rising or falling
-
This is the direction
that we are trading for the day
-
Hourly Charts
-
What is the current
trend?
-
Williams %R (13)
We want to
trade in the direction of the Daily and Hourly trends.
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10 Minute Charts
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The 10 minute chart
is used to determine our entry and exit points.
-
To assist us with us,
we use William’s Percent R (13 bar).
-
We use Percent R
signals to enter and exit the trades.
Risk
Management
Maximum
risk per trade: 1% of account value
Maximum
risk per day: 2% of account value
Note:
Maximum Risk is determined prior to any trade being placed.
When we
place a trade, we know the exact price of our stop
We do all
of our trades in multiples of 2
T1 is our
first price target
T2 is our
second price target
Once T1 has
been achieved, we move our stop to the entry price. This assures us that
we won’t turn a profitable trade into a losing one and we are in a
position to let our profits run.
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If you trade stocks and would like to trade along beside me, just send
me an email and put 'GCC' stock trader' in the subject line
rac@christyinvestments.com
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