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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: Teresa Lo who wrote (939)6/17/1999 9:51:00 PM
From: -  Read Replies (1) | Respond to of 18137
 
<re: "Holy Grail" setup> Sure, I use slight variations of that setup all the time... buying a pullback into an uptrend (or selling one into a downtrend) while watching that price doesn't violate the MA, and waiting for price confirmation on the reversal (getting stopped into it because it took out the high of the prior down bar).

Probably learned the "HG" originally from LBR, Conners and/or Cooper, then forgot where I learned it. I'll check out the article...may be new stuff there to learn.

Threaders, this is simple stuff but it WORKS. Doesn't get any better! Lots of nuances to learn, though -- there are many, many HG setups that occur, but only a few should be taken. "Seasoning".

Thanks for providing the details,

-Steve