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楼主 |
发表于 2009-8-23 02:05 PM
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How to trade the flag/pennant, use long as example
1. determine the flagpole length (X)
2. buy stop @ high point of flagpole + 10% of X
3. initial stop is entry point - 25% of X
4. first target is entry point + (initial stop size)
5. out half @ the first target, and move the stop for the rest position to break even
6. the 2nd target is high point of flagpole + X
If you strictly follow this method to trade the latest EURUSD on Thur, your half position would be out at the first target, and your 2nd half would be stopped @ break even. Not bad profit when you are in sleep. Some people just get out everything when profit is 100 pips.
If you don't have guts, do paper trade first. |
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