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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Loren who wrote (2984)	2/8/1998 9:28:00 PM
From: Jurgen	Read Replies (1) of 3325

I guess you mean "The new Technical Trader" from Tushar S. Chande and Stanley Kroll. It covers VIDYA, CMO, StochRSI and many other indicators in depth. The last section deals with risk control and trade management. Chande explanes an approach called MAE/MFE (maximum adverse excursion / maximum favorable excursion). The idea: analyze your trades and look at the highest loss a finally profitable trade develops (MAE) or the highest gain a losing trade shows (MFE). If a trade rises above MFE it is likely to mature into a profitable one. If it falls below your average MAE, you should consider a stop loss. I like the book. It's not cheap (ISBN 0-471-59780-5, $64.95 list, 197 pages) but worth it. good luck five

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