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Strategies & Market Trends : Windows on Wall Street

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To: Tracey R. Lanthier Jr. who started this subject12/7/2000 4:18:30 PM
From: Tondon  Read Replies (1) of 2233
 
To all: I have been using a template that Richard has spoken about regarding usage of the Chandes Trendscore with a 8/7 lead. One thing I have noticed is that although a breakout may occur on the upside,this can be a fake breakout resulting in a " \/ formation as well as the opposite for the short side. Somewhat as a hiccup. But in following the futures market,this shows weakness or strength that will catch up to the commodity indicating vulnerability in the current trend resulting in the next or third breakout to be the profitable one. Would like views of others who follow the Chandes trendscore with the 8/7 lead. It appears that if I would have gone long or short one contract on the first breakout and it goes against you, wait for the next breakout or another and and add another contract to your position and eventually it will pay off. Sincerely Anthony Donton
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