文档介绍:Traders Education Tutorial - March 1997 -
Copyright 1997, Robert C. Miner
Short-Term Trading Strategies
By Robert Miner, Dynamic Traders Group, Inc.
There are a number of trade set-ups and strategies that provide very high
probability and low capital exposure short-term trades. Many of these
short-term strategies also may be used to initiate positions for longer term
trades.
One of the most reliable short-term trade set-ups is the Inside
Day/Narrow Range (IB/NR) trade strategy. The breakout of a narrow
trading range, particularly an inside-day, usually signals at least the short-
term trend direction.
An inside-day is a period of indecision. It is a day when traders do not
have a strong conviction as to the trend of the market. The breakout
direction of the inside-day usually signals what trend decision traders have
made. Even more reliable is the breakout direction of the day prior to the
inside-day.
Inside-Bar / Narrow Range (IB/NR) Breakout Rules
The IB/NR breakout strategy may be used for short-term trades, generally
1-3 trading days or as a trend-continuation entry technique with a trend
filter. We will only discuss this trade set-up in this tutorial as a short-term
trade technique.
The rules for trade entry and initial protective stop-loss pletely
objective. There are no fixed rules for closing out the trade or profit
objective