Web-seminar

30 March 2017

Noter

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“Attachment is the great fabricator of illusions; reality can be attained only by someone who is detached. ”

Simone Weil

Hvad er Day Trading og Spekulation?

“Everyone has talent. What is rare is the courage to follow the talent to the dark place where it leads.” Erica Jong

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 ogeksperter:

“….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.

Vejen til Ekspert

”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

Skak og Trading

“…..”

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The Underground Trading Manualby Tom Hougaard

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TECHNICAL ANALYSIS

Next Topic

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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.

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Engulfing Pattern Strategy – Bullish & Bearish

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Engulfing Chart Pattern Strategy – with entry and stop – 10 min SP500 chart

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A bearish Engulfing Pattern – entry and stop defined – 10 min SP500 chart

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A brief counter-trend sets up a Bullish Engulfing Bar on a 10-min chart

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A bearish Engulfing Pattern – entry and stop defined – 10 min SP500 chart

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A failed set-up but notice the lack of follow-through below previous bar’s low. Review 3 set-ups.

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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.

Education

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