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[USER=26173]@hallph[/USER] Thanks for the compliments. The most important skill to master is keeping losses small. It's easy to recover from small losses and keeps us in the game longer allowing us to gain experience and confidence.You asked a question that I'm happy to post and reply to in the thread for others to read.How do I know trading BO-HR and BO-NH is a profitable method? I've always been a chart watcher rather than a company fundamentalist (my science background). Almost all charts show large movements in price that we call trends. The rewards are obvious if I could buy into them early and hold on to them. The task was to identify an event that happens near the start of all trends that I could scan for and use consistently.Every trend has a moving average crossover near the start. I initially used the 10ema>30ema as an indicator. However the EMA XOR gives lots of useless signals when price is going sideways. It became an early warning indicator and I waited to buy the BO-HR or BO-NH.When I finally accepted the responsibility for my trading decisions, I focused on buying BO-HR and BO-NH using Darvas box patterns (2007 bull market). Over the years I've realised that these setups work in all market conditions. Obviously they work best in markets that are going up, OK but frustrating in sideways markets and keep me out of falling markets as the number of opportunities fall as well.The key was assembling a set of rules that I would use to take advantage of those trends. What you see in this thread is the real-time application of those rules/guidlines to create an overall profit in a manner that suits my tolerance for risk.
[USER=26173]@hallph[/USER] Thanks for the compliments. The most important skill to master is keeping losses small. It's easy to recover from small losses and keeps us in the game longer allowing us to gain experience and confidence.
You asked a question that I'm happy to post and reply to in the thread for others to read.
How do I know trading BO-HR and BO-NH is a profitable method?
I've always been a chart watcher rather than a company fundamentalist (my science background). Almost all charts show large movements in price that we call trends. The rewards are obvious if I could buy into them early and hold on to them. The task was to identify an event that happens near the start of all trends that I could scan for and use consistently.
Every trend has a moving average crossover near the start. I initially used the 10ema>30ema as an indicator. However the EMA XOR gives lots of useless signals when price is going sideways. It became an early warning indicator and I waited to buy the BO-HR or BO-NH.
When I finally accepted the responsibility for my trading decisions, I focused on buying BO-HR and BO-NH using Darvas box patterns (2007 bull market). Over the years I've realised that these setups work in all market conditions. Obviously they work best in markets that are going up, OK but frustrating in sideways markets and keep me out of falling markets as the number of opportunities fall as well.
The key was assembling a set of rules that I would use to take advantage of those trends. What you see in this thread is the real-time application of those rules/guidlines to create an overall profit in a manner that suits my tolerance for risk.
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