Web-seminar 30 March 2017 Noter Følg mig på www.tomhougaard.dk
Hvad er Day Trading og Spekulation? Attachment is the great fabricator of illusions; reality can be attained only by someone who is detached. Simone Weil
Vejen til Ekspert 1. Ingen mand eller kvinde kan evaluere 400 muligheder. 2. En skak expert bliver expert ved viden og gentagelse. 3. Dr. Fernand Gobet professor i Cognitive Psychology og International Chess Master beskriver i mange af sine bøger forskellen mellem amatører og eksperter:.stærk korrelation mellem træningstimer og rangstige placering 4. Han fandt at chess experts brugte omkring 27,929 timer dedicated practise imedens en urangeret amatør brugte 8,300 timer. 5. Trading/Day Trading/Swing Trading er meget lig skak på dette punkt. Der er en naturlig retfærdighed til det. Everyone has talent. What is rare is the courage to follow the talent to the dark place where it leads. Erica Jong
Skak og Trading En vigtig rolle i skak færdigheder er mønstergenkendelse. Gennem års praksis og studier, har mestre lært flere hundrede tusinde skak mønstre (kaldet Chunking). Når en af disse mønstre (omtrent) viser sig på brættet, kan skak mesteren hurtig danne en strategi, såsom potentielle flytte sekvenser, taktik og strategier. Dette forklarer den automatiske og intuitive opdagelse af gode træk af skat mester. Everyone has talent. What is rare is the courage to follow the talent to the dark place where it leads. Erica Jong
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The Underground Trading Manual by Tom Hougaard 6
TECHNICAL ANALYSIS Next Topic 7
Engulfing Patterns for Day-Trading The engulfing pattern is a candle bar where the price action measured by the BODY of the current bar engulfs the body of the previous bar. I like using them on a 10-min time frame or higher on indices such as the FTSE, the DAX (although the two are highly correlated), as well as the SP500 and the Dow. They work great as a reversal signal or continuation signal They tell us exactly where to enter They tell us how much to risk on the trade There are 3 potential entry criteria, which depends on how much certainty the traders wants in the set-up. 1. Aggressively enter the market on the assumption an engulfing pattern is being formed. If the trader enters the market on the assumption that an engulfing bar will print, and it fails to do so, the trader should exit the trade. 2. Normal entry method waiting for the engulfing pattern to complete 3. Cautious method waiting for next bar to trade through the high/low of the engulfing bar. 8
Engulfing Pattern Strategy Bullish & Bearish 9
Engulfing Chart Pattern Strategy with entry and stop 10 min SP500 chart 10
A bearish Engulfing Pattern entry and stop defined 10 min SP500 chart 11
A brief counter-trend sets up a Bullish Engulfing Bar on a 10-min chart 12
A bearish Engulfing Pattern entry and stop defined 10 min SP500 chart 13
A failed set-up but notice the lack of follow-through below previous bar s low. Review 3 set-ups. 14
Exit Criteria for Engulfing Pattern The exit can be done in one of several ways, but remember that the aim is to be on board a runner, so taking a profit should not be because some monetary criteria has been met. If the market immediately runs in the anticipated direction, the traders should move the stop-loss to break even. If a trending move develops, the trader can move the stop loss progressively in the direction of the trend, just above the high or the last high. If another candle pattern forms, such as a doji, signifying a potential trend reversal, the trader should tighten the stop close If volume spikes into previous support or resistance, it could be wise to keep the stop tight. Otherwise, try keeping the position open, and above all, have patience. A good engulfing set-up on a 10-min chart can easily last a full hour or more. 15
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