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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (28151)	7/26/1999 11:59:00 AM
From: Nanlin Chiang	Respond to of 44573

OJ, Here are the rules for the Turtle Soup Plus One setup: A: The Turtle Soup Plus One method is designed specifically to take advantage of false breakouts and can be applied to stocks just as readily as futures contracts. Here are the rules: For a buy setup, a market must make a new 20-day low and its previous 20-day low must have been made three or more days ago. You would go long the next day if the market trades above the low of the earlier 20-day low (indicating yesterday's 20-day low was a false breakdown). For sell signals, reverse the rules. Protective stops are placed at the recent (yesterday's) 20-day low for buys, or at the recent 20-day high for sells. Basically, the Tradehard Bias indicators are formulas based on the the VIX, Trin or Advance/Decline ratios. The plus is that the site calculates the indicators for you, the negative is if you trade these indicators as a system majority enter MOC. I have used them to go into a day with a Bias (like today an upward one) and then combine them with the Pivot levels to determine where I might enter for intraday trades. Or in the case of the DOW trade I entered on a TTS+1 setup on a stop. It is very rare (at least from what I have seen) to get 3-4 Bias indicators pointing in the same direction along with a TTS+1 setup pointing the same way. So far it has happened twice on TRADEHARD and both were very nice moves.