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5. Trading plan methodologies
交易計畫規劃方法:

A trader must clearly define the entry method and be prepared
to respond to all types of market conditions. How to exit the
trade, both with a gain or a loss, must be predetermined and
clearly defined. The following examples will give an idea for
how detailed and specific the plan should be, and you should
develop your own plan.
一個交易者,必須要有一個清楚的進場的準則與方法,而且要準備好應付市場上的各種狀況,出場也是要有個清楚的規劃與準則,而且要包含停利與停損. 以下是一個範例,它能提供您制定自己的交易準則的一些想法
 
Entry plan for trending environment:
趨勢交易進場規劃與準則:
· Markets to retrace 38-50% off its highs
o. 市場自前高回檔38-50%
· A support at its 20-period exponential moving average
o. 在20 EMA 有一明顯的支撐
· A bull-flag formation
o. 牛市型態成形
· On a smaller timeframe, look for a ABC corrective wave to
confirm bull flag pattern
o. 在小時或分鐘線圖, 等待或尋找 ABC 修正波, 以確認牛市型態
· Test of the lower trend-line of the bull-flag pattern
o. 測試位置較低的趨勢線(該線仍然呈現上升走勢)
· Stochastic to have reached oversold condition of 20 or lower
o. 技術指標呈現買超(來到20 或更低的位置)
· Once the market confirms all this criteria, place a buy order
at the market
o. 一但所有的條件成立, 準備下單買進
· Exit at the pivot low below its 20 EMA as risk point, typically
no more than x points of risk on any one trade. Exits will be
as follows: when profitability is more than x points, seek to
take off 50% of my position immediately and move the stop
up to the break-even point. Short sells are simply a reverse
of the above.
o. 出場(停損)設在20EMA的下緣, 通常不能超過x點, 出場請遵循:當獲利點數超過x點停利50%,並且馬上將停損出場移到損益兩平的位置, 作空則是反之

Entry plan for breakout trades:
突破交易的進場規劃與準則
· Use the first few hours’ range for a breakout trade
o. 使用小時線,並往前看幾個小時的範圍, 如果有突破該範圍
· Pre-publications and criteria will be for a narrow range
market that has been consolidating for at least five trading
days
o. 市場築底或盤整至少5個交易日.......
· Let the market breakout of its first hour’s range and look
to buy a bull flag on a one-minute chart
當市場在小時線出現突破時,利用分鐘線尋找牛市的進場點
· Should the market trade back and test support of a high of
first hour range this would be a good time to buy
o. 市場是否有回測第一個突破小時線的高點範圍, 如果是,這應該是買入的好時機
· The exit will be just under the support of the first hour
range. Shorts are reversed. Profits will be taken for more
than x points on 50% of position, and move stops up to
breakeven. Look for continuation patterns for pivots to
adjust stops and seek to exit into recent resistances or
higher timeframes’ EMAs.
o. 停損設在第一個突破小時線的下緣,作空則反之, 當獲利超過 n 點, 停利50%的持股部位,
然後將移動的停損或停利移至損益兩平, 尋找關鍵反轉的型態, 根據日線的移動平均線或是近期的阻力調整出場的停利與停損點

Every plan must include the exit parameters for all market
conditions, and how to respond when the market moves for or
against the positions. Table 3 shows a list of several exit strategies
and parameters.
每個規劃必須包含對應各種狀況的出場的方式或不同的參數設定, 只如何回應狀況的策略

出場的方法範例:
1. Exit at a retest of intraday high/low or swing high/low
在一天的交易內,回測高點或低點,出場
2. Exit at fixed profit objective in dollars
獲利目標達成, 出場
3. Exit at an objective chart point
參考圖形,並在設定的點數達成,出場
4. Exit at a time interval (i.e. four days)
規定的時間達到,出場
5. Exit at a combination profit time: i.e. first profitable
open or second profitable close
特定的組合時間出場, 如1開盤,與2收盤
6. Don’t exit but just reverse
持有直到反轉,出場
7. Exit on a range expansion

8. Trail a stop off the low
移動停損達到,出場
9. Trail a stop off the high
10. Exit on close
收盤前出場
11. Exit if the day’s close is less than a certain percent of
the daily range in the direction you are trading
如果收盤漲幅的範圍小於特定的每日的波動範圍, 出場

文章出處:
www.traders-mag.com