Aus "Trading with an Edge" - Bryce Gilmore
Man kann es kaum besser beschreiben:
S.165
Voraussetzung:
ein etablierter Trend -> mind. Tag.
You hold the position whilst it
keeps making higher lows if you are long or lower highs if you are
short.
The first thing to understand about position trading is that you must
have an apparent trend if you want to be at least partially
guaranteed you will come out ahead. There is no point taking a
position trade unless you can see the potential of a trend remaining
in place for some time. That means that before you camp on a
position certain obvious signs must be present.
Markets go through phases, they are either in trends or in
consolidations, trends probably only account for about 30% of the
overall market action, the rest is trading within ranges. Trying to
take a pOSition trade off a major market low or a major market high
is a blind risk occupation, most future trends require some time to
establish a base or a roof from which to advance or decline. The
really fast moves from highs or lows are day trading material.
BUY REQUIREMENTS:
The first requirement you need to consider for a LONG position trade
is to identify several things:
1. The market has made a secure low and has exhibited support
over at least a week or more.
1. The first adva.nce has come back and tested a support zone
and proven it is on a solid foundation.
3. You can see some positive evidence within the market banter.
4. Open Interest figures are agreeing with your analysis.
5. Trend indicators are indicating the tide is turning.
6. Everyone else around you is thinking the opposite way.
7. Probably the most important issue is that you can see short
sellers stops getting hit on new advances.
Sell Requirements:
You will see a drop off in volume and a progressive
distribution from the early buyers taking prOfits.
Man kann es kaum besser beschreiben:
S.165
Voraussetzung:
ein etablierter Trend -> mind. Tag.
You hold the position whilst it
keeps making higher lows if you are long or lower highs if you are
short.
The first thing to understand about position trading is that you must
have an apparent trend if you want to be at least partially
guaranteed you will come out ahead. There is no point taking a
position trade unless you can see the potential of a trend remaining
in place for some time. That means that before you camp on a
position certain obvious signs must be present.
Markets go through phases, they are either in trends or in
consolidations, trends probably only account for about 30% of the
overall market action, the rest is trading within ranges. Trying to
take a pOSition trade off a major market low or a major market high
is a blind risk occupation, most future trends require some time to
establish a base or a roof from which to advance or decline. The
really fast moves from highs or lows are day trading material.
BUY REQUIREMENTS:
The first requirement you need to consider for a LONG position trade
is to identify several things:
1. The market has made a secure low and has exhibited support
over at least a week or more.
1. The first adva.nce has come back and tested a support zone
and proven it is on a solid foundation.
3. You can see some positive evidence within the market banter.
4. Open Interest figures are agreeing with your analysis.
5. Trend indicators are indicating the tide is turning.
6. Everyone else around you is thinking the opposite way.
7. Probably the most important issue is that you can see short
sellers stops getting hit on new advances.
Sell Requirements:
You will see a drop off in volume and a progressive
distribution from the early buyers taking prOfits.