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ricky.ricx
Fri Dec 04, 2009 1:07 pm


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In webinars Al always saying his plan, when there is new bar there is new plan.
Most of the plan are just keep changed into different plan whenever the new bar arrive. (at first it didn't fits me, i used to using fixed trading strategy like indicator based or single signal based)

In my mind Al method works like this:

Bar(s) read -> Plan -> correct plan -> setup -> signal bar -> p/l
or
Plan -> not correct plan -> Re read Bar(s) and so forth

Bar(s) read : Al's draws trendlines, wedges, read hxlx, current bar situation is it in trending or ranging, channels, or anything that says inside the book.
Plan : Al's often says... this will does that its not good buy, if this goes that its good buy, if it does this i buy after it pull back, this is tat thing so i wait, etc.