BELOW ARE THE TRADE LCM TRADE RESULTS FOR NOVEMBER 2009. THE TRADE PARAMETERS ARE THE BASIC ( LCM PIVOT TRADE ). THIS IS THE BASIC LCM REVERSAL SIGNAL. IF IT WORKS THIS GOOD NAKED, WITHOUT OUR TRADE FILTERS SUCH AS TREND, VOLUME, NOR INDICATORS, HOW MUCH BETTER WOULD YOU DO WITH FILTERS. THESE TRADES ARE BASED ON NOTHING BUT PRICE PATTERN...THAT'S IT.
THERE ARE ONLY 2 OTHER LCM TRADE SIGNALS 1. SWING BREAKOUTS AND 2. SWING BREAKINS.
WHAT IF DURING THIS TIME PERIOD, YOU ALSO TRADED LCM BREAKOUTS, AND BREAKINS...? THE RESULTS BELOW ARE TYPICAL FOR PIVOT PERFORMANCE FROM MONTH TO MONTH.
I WOULD LIKE FOR YOU TO ANALYZE THESE PIVOT TRADES TO SEE IF YOU UNDERSTAND THE BASIC LCM SETUP AND TRADE. IF YOU HAVE QUESTIONS ABOUT A SPECIFIC TRADE PLEASE LET ME KNOW.
SO, IF YOU ARE ABLE TO IDENTIFY 3 THINGS, ( SWING BAR, PIVOT REVERSAL BAR, AND 3 BAR SUPPORT/RESISTANCE) YOU HAVE ALL YOU NEED TO BE PROFITABLE WITH LCM.
1. EVERTHING ELSE IS TO INCREASE YOUR NUMBER OF TRADING OPPORTUNITIES, AS IN BREAKOUT AND BREAKINS. 2. TO MINIMIZE YOUR RISK, AS IN ( ENTER ON THE REACTION PULLBACK )
3. MAXIMIZE YOUR PROFIT, AS IN ( WHEN TO EXIT EARLY AND SUPPORT/RESISTANCE LEVELS BEYOUND 3 BAR.
CHEERS, JERRY
TRADE PARAMETERS
1 - CONTRACT
ENTRY - Close of reversal bar that created pivot point ( note: did not wait for reaction pullback to pivot point to enter )
EXIT - SWING BAR STOP
TARGET - LCM 3 BAR SUPPORT/RESISTANCE
RESULTS - 86% WINS 14% LOSERS

