since 1994
since 1994
Should we hold this position?
Should we exit now or when?
Should we take profit now or when?
Should we switch our position now or when?
At each and every moment after we enter a trade, these questions are asked time and time again in our mind. We wish we could hear the answers directly from the market!
Basically, each of four AbleTrend indicators is calculated independently. Sometimes, near turning points or in a choppy market, you may see conflicting indicators, such as a red dot above a blue bar or a red bar with no dots showing or both blue and red dots showing up for the same bars, etc.
In real trading, time is everything. We cannot wait for all these indicators to confirm each other, then enter the markets. Therefore, "entry rules" are different from "confirmation rules". You take a risk and enter the market according to "entry rules" mentioned above. As soon as you initiate a position (long or short), the next thing is to closely watch the indicator’s confirmations. If your trading positions are not confirmed by one of the following confirmation rules within a certain time, you should consider exiting the positions. What is the certain time? It depends on the specific market, on whether you are day trading or position trading, on the time bar frame used, etc. You need to decide for yourself, though typically the best time is about 4 to 8 bars.
There are five simple confirmations for positions that you are holding.
For details, please refer AT 7.0 Trading Manual.
For details, please refer AT 7.0 Trading Manual.
For details, please refer AT 7.0 Trading Manual.
For details, please refer AT 7.0 Trading Manual.
For details, please refer AT 7.0 Trading Manual.
Risk Disclosure: Futures and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Testimonial Disclosure: Testimonials appearing on this website may not be representative of the experience of other clients or customers and is not a guarantee of future performance or success.
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