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[FF]

thanks HC,

initially i thought the rescue effort must be in the same direction as the deployed scout.
if it went to the opposite direction it could also mean, the initial position is closed and opening up new position.

or have I misunderstood it?

[HC]

dax:

1. Rescue

You are right, recuse has to be in the same direction of scout.  I think you have missed my previous posting on rescue protocol:
http://chartistsunited.com/forum/index.php/topic,547.msg2706.html#msg2706

Here is a live trade on rescue:
http://chartistsunited.com/forum/index.php/topic,547.msg2817.html#msg2817

Here is on rescue that turn into more than just BE:
http://chartistsunited.com/forum/index.php/topic,547.msg2908.html#msg2908


2.

if it went to the opposite direction it could also mean, the initial position is closed and opening up new position.

Yes.  You are right.

What I posted at http://chartistsunited.com/forum/index.php/topic,547.msg4252.html#msg4252 is flipping.  Meaning that I think my initial direction is wrong after new bars are printed.  I want to change direction of trade.  This is the hurdle I am trading to master now, as flipping is difficult (at least to me).  Here is the warning from fti:
http://chartistsunited.com/forum/index.php/topic,547.msg2979.html#msg2979


3. There is no rule

Sooner or later after trading this method for some times, you will realised that this is actually a real time position size management based on price action and chart terrain, and the rules and skew are all so flexible that they are almost non-existance.  That is why I have this comment:
http://chartistsunited.com/forum/index.php/topic,547.msg3100.html#msg3100

Do take a look at the You-tube before the above comment to get more inspiration.

Here is a live trading example to illustrate this point:
http://chartistsunited.com/forum/index.php?topic=547.msg4960#msg4960

[HC edit:
2010-11-24 Add a link to live trading example done later]

[FF]

dax:

1. Rescue

You are right, recuse has to be in the same direction of scout.  I think you have missed my previous posting on rescue protocol:
http://chartistsunited.com/forum/index.php/topic,547.msg2706.html#msg2706

Here is a live trade on rescue:
http://chartistsunited.com/forum/index.php/topic,547.msg2817.html#msg2817


Hi HC,

from the above example, the scout could be at wrong trend.
The rescue attempt also initiated in the wrong trend and can be rather dangerous and potentially blow up an account.
I don't mind to reverse (flip the position) as you did in above example. This probably makes more sense to me.

I have not gone through the fti discussion. Probably I'll find it more meaningful at the end.

[HC]

Here is a live trade on rescue:
http://chartistsunited.com/forum/index.php/topic,547.msg2817.html#msg2817


Hi HC,

from the above example, the scout could be at wrong trend.
The rescue attempt also initiated in the wrong trend and can be rather dangerous and potentially blow up an account.
I don't mind to reverse (flip the position) as you did in above example. This probably makes more sense to me.

1. I agreed with your view, now.

2. That post was done last year, where my trading experience in trading this method is 1 year less; and I am not in the heat of battle now.  So you can see that this is actually a non-stop development on the trader's part.

3. Flipping is not as easy as it seems.   I find that the difficulty in this trading method, running from easy to difficulty is in the following order:
a. rescue
b. attack
c. flip
Pls demo it yourself on real time chart and see for yourself.

[jjs]

Hi dax, welcome to this thread

HC, I look forward to the day when I can just deploy the scout and flip flop where the chart takes me This should be the 最高境界!