Support and Resistance Trading Forum

Re: August Lean Hogs
By:Alan C.
Date: Saturday, 27 June 2009, 5:48 pm
In Response To: Re: August Lean Hogs (Deadlydoggy)

It might seem that I'm "trying to predict too much in the same few markets every day", as I've been making follow-up posts re, recently, Lean Hogs. However, in the last month I've also entered posts for the British Pound, Coffee, U.S. Dollar, Gold, Copper, Cocoa, and S&P 500.

I'm not specifically looking for market turns so much as I'm looking for turns in relative strength. That would include attempts to recognize resumptions of rallies or declines after relatively brief corrections. It just so happens that Lean Hogs appears to me to be in the process of making a market (long-term trend) turn. Also, one of the things that have often frustrated me about trading is the setting of stops to protect my trades, either to capture a gain or avoid an excessive loss. It's particularly frustrating to me to get stopped out just as the price is about to turn around in my favor. I'm thinking that RSI charts can be helpful in that regard. Of course, I know that Erich recommends setting targets for gains, but sometimes there might be a profit at hand before a target is reached, and a stop to protect the gain might still be advisable, depending on developing market conditions.

You allude to there being a technique or techniques for predicting market turning points "with a high degree of accuracy". So, what signals do you look for?

Responses To This Message

Re: August Lean Hogs
Deadlydoggy -- Sunday, 28 June 2009, 3:51 pm
Re: August Lean Hogs
Shifu the ONE NOW -- Sunday, 28 June 2009, 10:41 am
Re: August Lean Hogs
Shifu the ONE NOW -- Sunday, 28 June 2009, 10:30 am
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