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Exit Strategies and Trade Management

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FIGURE 7.2 Long Trade Setup

Summary of XAU Daily Position as of August 17 and Trade Strategy Momentum: Daily bullish reversal with weekly momentum oversold. Pattern: Possible ABC decline. Price: Just below the 50% internal retracement (May 2005 low to May 2006 high) and 127% Ex-Ret (June 27 low to July 20 high). Time: Daily time factors in a position for a low. August 22 is the 100% L-L; August 13 is the 100% time retracement. See weekly Time Band for most compelling time factor at August 16 low. Entry Strategy: Go long on the trailing one-bar-high with a stop one tick below the August 16 low.

Profile for ERIC  Hunt

(wiley trading) robert c miner high probability trading strategies entry to exit tactics for the for  

(wiley trading) robert c miner high probability trading strategies entry to exit tactics for the for  

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