Short term stock trading strategies using retracements2. New Video Tutorial
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3. Today's Agenda
Stop Loss Placement
Profit Target Placement
You Can Find The First Two Videos @
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YouTube Channel
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4. The Best Results Achieved = 90 Days
Results for 20 day Simple Moving Average – 29.7 percent profitable
Results for 40 day Simple Moving Average – 35.9 percent profitable
Results for 60 day Simple Moving Average – 44.3 percent profitable
Results for 80 day Simple Moving Average – 51.7 percent profitable
Results for 100 day Simple Moving Average 47.9 percent profitable
Worst Results Achieved = 20 Days
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
5. How Can This Help You?
You Can Use This Data To Build Trend
Fading Or Trend Reversal Strategy
Remember 20 Day Breakout = Success Rate 29.7%
Reverse It
20 Day Reversal Strategy = Success Rate 70.03%
Add Few Filters To Increase Even Further
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
6. Average True Range Indicator
Developed By J. Welles Wilder 1978
Published In New Concepts In Technical
Trading Systems
Top 10 Trading Book – Highly Recommend It
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7. Things To Keep In Mind
ATR Does NOT Measure Market Direction
Only Measures Volatility
Measures Stop Loss Levels
Measures Profit Targets
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8. ATR Formula
Calculate Greatest Of The Following Three
1. Current High Less The Current Low
2. Current High Less Previous Close
3. Current Low Less The Previous Close
By Using The Highest Of The Three You Take Into
Account Gaps That Occur Overnight
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
9. Things To Remember
ATR Is Build Into All Technical Analysis
Programs
No Manual Calculations Necessary
Change Time Frame From 14 Days To 10
Days
Can Be Used For Intra-Day Trading As Well
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13. ATR Cheat Sheet
Long Position Stop Loss=Subtract 2 ATR From Entry
Short Position Profit Target=Subtract 4 ATR From Entry
Long Position Profit Target=Add 4 ATR To Entry
Short Position Stop Loss=Add 2 ATR To Entry
Use ATR Number At Time You Place Order To Calculate
Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
14. Thanks For Watching
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