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WOR -- CHART:

The first Graph is simply the area I was SHORT twice based on the GAP and ASX allowable short percentages -- was lucky to get out near the close on the 14th.

The second graph is the LONG using the ATR system I was babbling on about.
It's a plug in for MetaStock which you must purchase:

Rules of the method are basic -- suitable for short or med/long term.

1: Stock in UP trend.

2: Stock must have made a recent low with the systems RSI setting.

3: Has now risen and CLOSED above the lower red line (trigger).

4: Initial STOP is the recent LOW (no trade if >10%).

5: Exit for short term is a close above the upper green --if > than 10% of entry.

6: Exit for all terms is two consecutive closes below the the lower red line.

I've changed the rules I follow with it a bit --- but have been testing it as a unrelated method to pattern trading.

You can see that there was a trigger just a few days before the one I had used ---- under the rules this is still a current trade -- I'm waiting to see if comes down to the tread line for a new entry -- although that GAP still seems to be of concern to me.

In the "potential breakout thread" you will find a post there about FLX -- though selected for a different reason -- this system is also on that chart and has the trigger --- FLX hasn't looked back since --- so maybe it has potential as another unrelated trading method.

Cheers

<blockquote data-quote="coyotte" data-source="post: 137775" data-attributes="member: 3649">WOR -- CHART:The first Graph is simply the area I was SHORT twice based on the GAP and ASX allowable short percentages -- was lucky to get out near the close on the 14th.The second graph is the LONG using the ATR system I was babbling on about.It&#039;s a plug in for MetaStock which you must purchase:Rules of the method are basic -- suitable for short or med/long term.1: Stock in UP trend.2: Stock must have made a recent low with the systems RSI setting.3: Has now risen and CLOSED above the lower red line (trigger).4: Initial STOP is the recent LOW (no trade if &gt;10%).5: Exit for short term is a close above the upper green --if &gt; than 10% of entry.6: Exit for all terms is two consecutive closes below the the lower red line.I&#039;ve changed the rules I follow with it a bit --- but have been testing it as a unrelated method to pattern trading.You can see that there was a trigger just a few days before the one I had used ---- under the rules this is still a current trade -- I&#039;m waiting to see if comes down to the tread line for a new entry -- although that GAP still seems&nbsp; to be of concern to me.In the &quot;potential breakout thread&quot; you will find a post there about FLX -- though selected for a different reason -- this system is also on that chart and has the trigger --- FLX hasn&#039;t looked back since --- so maybe it has potential as another unrelated trading method.Cheers</blockquote>

[QUOTE="coyotte, post: 137775, member: 3649"] WOR -- CHART: The first Graph is simply the area I was SHORT twice based on the GAP and ASX allowable short percentages -- was lucky to get out near the close on the 14th. The second graph is the LONG using the ATR system I was babbling on about. It's a plug in for MetaStock which you must purchase: Rules of the method are basic -- suitable for short or med/long term. 1: Stock in UP trend. 2: Stock must have made a recent low with the systems RSI setting. 3: Has now risen and CLOSED above the lower red line (trigger). 4: Initial STOP is the recent LOW (no trade if >10%). 5: Exit for short term is a close above the upper green --if > than 10% of entry. 6: Exit for all terms is two consecutive closes below the the lower red line. I've changed the rules I follow with it a bit --- but have been testing it as a unrelated method to pattern trading. You can see that there was a trigger just a few days before the one I had used ---- under the rules this is still a current trade -- I'm waiting to see if comes down to the tread line for a new entry -- although that GAP still seems to be of concern to me. In the "potential breakout thread" you will find a post there about FLX -- though selected for a different reason -- this system is also on that chart and has the trigger --- FLX hasn't looked back since --- so maybe it has potential as another unrelated trading method. Cheers [/QUOTE]

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