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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?


To: otherbrotherdaryl who wrote (11214)1/18/2006 1:30:36 PM
From: the-phoenix  Read Replies (1) | Respond to of 11288
 
Thanks, I get it now. Looks like a potentially good method to keep you in a trend move, perhaps more reliably than to catch a reversal. Looking at that same chart, the method would not have worked so well during the Oct.-Nov. rally.

I'll keep an eye on it in the charts I am trading.



To: otherbrotherdaryl who wrote (11214)1/22/2006 5:27:27 PM
From: otherbrotherdaryl  Read Replies (1) | Respond to of 11288
 
Snare Pole continued........

Click on charts to enlarge.

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The NQH06 chart is updated. Lavendar is identical to the first example chart of January 17. Both potential targets are struck. The user now begins using Snare Pole in the 60 minute chart (below).

img455.imageshack.us

The 60 minute Snare Pole offers a short signal (red) in agreement with the daily chart. Late arrivals can join in there.

The daily chart has you short at 1742. The 60 minute chart, in agreement, has you short 1732.50.

When using a minute chart duration trade either all signals or signals in the direction of the current daily chart suggestion until a new daily chart direction is given.

These are very good trades. Money is pouring in. Without additional trading the original trade is +103%. Trading the 60 minute chart inside the original position would yield goosebumpy-like numbers.