Trader Vic's four-day rule
Started by
spielchekr
, Nov 27 2008 09:32 PM
11 replies to this topic
#11
humble1
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Posted 28 November 2008 - 02:34 PM
this was a good thread. thanks folks. it makes the site worth it.
#12
Cirrus
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Posted 28 November 2008 - 05:04 PM
cirrus:
please refresh me/us on vic's 2B. i used that many years ago to benefit and am embarassed to say it escapes me now. i have gotten so far into Time and Price and pi and phi and squares and square roots and moon and sun and astro and nevermind that my brain is a fried egg!
Trader Vic's 2B tops/bottoms is based on a break of the uptrend/downtrend and then a retest of the recent high/low. It's simple and logical. It is helpful because it allows you to establish a position in your time frame at an advantageous risk/reward point.
FWIW I think this method is VERY effective when combined with a couple other factors that help you establish an advantage.
So simple and works in all time frames - which makes Vic a trading genius.
Or as that other trading genius Henry David Thoreau said: "Simplify, simplify, simplify."
http://stockcharts.com/c-sc/sc?s=$NDX&p=D&yr=0&mn=6&dy=0&i=p34755076222&a=121581103&r=5638.png
Great illustration...well done and thanks.
