Блог им. Apetiky
B) The amazing 3 bar entry/exit technique
This is one of the very best trading techniques I have ever developed. The reason why is that it often rides mega trend markets for a long, long time, yet does not give back much profit when the correction begins as conventional moving average and channel techniques are so apt to do.
This technique can be used not only as an exit technique, but as an entry technique as well. It is really quite simple. Once the market is in a run away move, as I call it a «Rock and Roll» market — then and only then — do we use this exit. Price must be out of a trading range.
AS A TRAILING STOP--- Make certain prices are out of congestion, they have begun to run, then, and only then, implement this as your trailing stop(i.e. exit).
FOR ENTRY--- Make certain the market is really set up. Sometimes the first entry will be false as a straight up or down market usually “bases” before the next trend move begins.
Here are the rules (exchange the word bar(s) for day(s) to fit your time frame):
If long, determine the highest close (inside days don’t count) in the up move so far. Count that as day one and go back to get two more days. None of these can be an inside day. If they are, drop them and go back one more day. Once all three days have been noted, then determine the lowest true low of those three days. Place your stop to exit (or sell short if looking for entry) a tick or two below that price.
If short determine the lowest close (inside days don’t count) in the down move so far. Count that as day one and go back to get two more days. None of these can be an inside day. If they are drop them and go back one more day. Once you have all three days, note the highest true high. Place your stop to exit (or buy long if looking for entry) a tick or two above that price.
AN IMPROVEMENT: In recent years I have noted this; in the buy example, if the day before the low close was an up close then go back one more day, and again use no inside days. If the high close, in a sell example, has a down close the day before, go back one more day. Again use no inside days.
Помогите разобраться с 3 барным скользящим стопом Ларри Вильямса.Понял, что игнорируем внутренний день и примерно, как на картинке.Но не понимаю, как вести отсчет, когда цена откатывает и так далее.Есть видео и PDF Ларри.