Question:

Turtle trading rules, when to ignore a 4 week break out?

by  |  earlier

0 LIKES UnLike

according to the turtle trading rules, a 4-week break out signal should be ignored if "the previous 4-week break out signal would have resulted in a winning trade". Often there are multiple consecutive days of 4-week highs or lows. Would a signal from one day earlier count as "the previous 4-week break out"? or do i need to look farther back (not the same trend)?

 Tags:

   Report

1 ANSWERS


  1. If you are looking for a signal to enter a position you don't enter a position if you are already in that position.  It doesn't make sense.

    Example:  Imagine wheat made a new 4 week high yesterday.  That's a breakout signal, so you bought.  If it makes a new high today, who cares?  You can't enter; you are already long wheat.  You need to be looking for an exit point.

    If you didn't go long on yesterday's new 4 week high, you're not following the system.

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Unanswered Questions