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The HTLB is one of the tougher traders to master, so I think it is helpful to have a second example. You may click here for the original HTLB example. The chart above is the Japanese Yen from the wee hours of 3/3/05. This pattern started as an elongated VT, but developed into an HTL, which happens frequently. Notice the positive divergence between price and the CCI. The entry is on the first arrow, but many advanced traders might do an add on the support (old resistance/new support) of the HTL at the second arrow. The HTLB is one of the riskier patterns in the WCCI system. As with any futures trading technique, always use stops when trading the HTLB pattern.
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Disclaimer:
THERE IS EQUAL OR GREATER POTENTIAL FOR LOSS WHILE USING THIS
STRATEGY. All information, graphs and depictions represented in
this site are OPINIONS and HYPOTHETICAL PERFORMANCE RESULTS and
should be recognized as such and are not solicitations or instructions
to execute orders. You shall be responsible for any decision to
purchase and/or sell any of the futures products depicted herein.
Although, the information herein demonstrates the potential for
profitable trades, the potential for loss is just as equal due
to unforeseen circumstances and changing market conditions. You
must also realize that the indicators and strategies may not work
in the future and can be used to your detriment. The amount of
profit demonstrated in my trades may be entirely different than
yours even if the trades were entered and exited at the same time.
Differences in commissions, fees, and internet connectivity can
drastically alter your performance in comparison to what is depicted
in the charts and could possibly result in a loss. |
