
I've been looking at the Teresa lo stop she uses.. and it's a 2 candle or 2 bar correction.... if you set for a 30 minute bar.... we get that stop.... Then we will wait for a larger correction than a 2 bar, and reset the stop...
I haven't actually figured it out yet.. but it's something like that... and I think she sets a bar as 1 day...
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, August 14, 2008
In my spare time
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