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Question for Denleo


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#1 eminimee

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Posted 25 January 2007 - 12:26 PM

When you say there is no risk to this market....have you got a number in mind on spx of what down side risk is?...and is it the same as your stop on the long yesterday at 1446.50? If this sounds like a dig....believe me it's not.......I really want to know how you are measuring risk/reward when you say there is no risk to begin with.

I asked this in a post the other day that you may not have seen.

http://www.traders-t...mp;#entry267417

#2 maineman

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Posted 25 January 2007 - 01:03 PM

TeePeeEminiMee,
I can't speak for Denleo, but here's something I use, when I see a breakout. Keep in mind, the chart has no time markings, but I tend to use this concept for daily and preferably weekly time frames.

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mm
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#3 PorkLoin

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Posted 25 January 2007 - 01:05 PM

Very nice, Maineman -- that's my favorite kind of stuff. Best, Doug

#4 pdx5

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Posted 25 January 2007 - 01:18 PM

Maineman....I love your approach...of keeping it simple, stupid

also known as....


KISS

Edited by pdx5, 25 January 2007 - 01:19 PM.

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#5 eminimee

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Posted 25 January 2007 - 01:23 PM

thanks Maineman....I use similar stuff too. My question wasn't really relating to that........it's the "no risk" thing I'm trying to get my head around....in trading you have to identify "risk"...at least I do.......how do you set up a trade when there is no risk? Silly question?

#6 maineman

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Posted 25 January 2007 - 01:30 PM

Again, I'm not speaking for Denleo here, but in the case of say a WEEKLY breakout, the trade is taken after the CLOSE of that weekly time frame. Risk would be a CLOSE Back into the range - CLOSING Basis. Anyway, that's how i do it. mm
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#7 hiker

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Posted 25 January 2007 - 01:37 PM

in my case, I am using a weekly close on the DOW above 12,660 and above 9,250 on the NYA ....for measuring starting the potential next leg up....and for measuring risk when entering shorts in the meantime. until I see those weekly closes and sustained price action above...I am hesitant to aggressively commit to long swing trades on a highly leveraged basis.

Edited by hiker, 25 January 2007 - 01:38 PM.


#8 denleo

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Posted 25 January 2007 - 03:37 PM

By no risk I mean -- no 10% corrections for over 4 years. Huge liquidity and government ready to step in any time to save the market. Having said that, today is ugly. I lost 7 points on my long trade. Denleo

#9 eminimee

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Posted 25 January 2007 - 03:47 PM

I don't think so either at this point.....just an 8%...gggg