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Complete Approach

Hey Joe! I'm an intermediate-term trader in the e-Mini S&P. I'm trying to fill out my trading method so that it is a complete technical trading approach. Do you have any thoughts on this?

Following is a technical trading answer: A complete trading approach should equate about two or three weekly intermediate tops and bottoms per monthly major top and bottom movement. About the same number of short-term tops and bottoms should appear for the intermediate term price movements. The advantage of a pattern recognition system, like the 1-2-3, involves always knowing where one trend is in relationship to other trends. Several times a daily signal will achieve a weekly time and price objective, without a short-term reversal. A sharp retracement is normally expected after that occurrence, of about 150% of the normal short-term counter trend movement. An S&P short term 300% over extension may expect a 180% counter trend overextension.

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Saturday, 22 June 2024

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.