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    Gann 3 Day Low Stop

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    yetsumi1
    This document discusses trading strategies and trade management. It describes the three-day low or high technique, where the lowest or highest price over a three day period from an extreme high or low is used to adjust protective stop-losses as a market trend progresses. An example is provided of how the three consecutive days are determined when calculating the three-day low, excluding inside days and days with prices within the prior day's range.

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    Gann 3 Day Low Stop

    Uploaded by

    yetsumi1
    1K views1 page
    This document discusses trading strategies and trade management. It describes the three-day low or high technique, where the lowest or highest price over a three day period from an extreme high or low is used to adjust protective stop-losses as a market trend progresses. An example is provided of how the three consecutive days are determined when calculating the three-day low, excluding inside days and days with prices within the prior day's range.

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    This document discusses trading strategies and trade management. It describes the three-day low or high technique, where the lowest or highest price over a three day period from an extreme high or low is used to adjust protective stop-losses as a market trend progresses. An example is provided of how the three consecutive days are determined when calculating the three-day low, excluding inside days and days with prices within the prior day's range.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views1 page

    Gann 3 Day Low Stop

    Uploaded by

    yetsumi1
    This document discusses trading strategies and trade management. It describes the three-day low or high technique, where the lowest or highest price over a three day period from an extreme high or low is used to adjust protective stop-losses as a market trend progresses. An example is provided of how the three consecutive days are determined when calculating the three-day low, excluding inside days and days with prices within the prior day's range.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Trading Strategies and Trade Management

    Three-Day Low or High (3DL or H)


    If a trend is valid, there should only be minor corrections to the trend. If
    you examine long histories of daily charts for many markets, you will find
    that once a trend is underway, the market will usually not retrace the range
    of the prior three days. The three-day high or low may be used to adjust
    the protective stop-loss as a market trend progresses.
    A three-day low is the lowest price of the three days from the extreme
    high, inclusive of the high day. Inside-days are not counted. It is not the
    same as the low of the most recent three days.

    Three-Day Low
    The lowest price of the three days from the extreme high, inclusive of the high.
    Inside days are not counted.

    In the figures above, the three days used to determine the three-day
    low are labeled 1,2 and 3, Day one is always the highest price of the
    immediate trend. In figure one above, the inside-day following day-two is
    not counted. In figure two, day-three is not an inside-day. In figure three,
    the two days following day-two both traded within the range of day-two.
    Neither day is counted for the 3DL. Day-a is an inside-day to day-two.
    While day-b is not normally considered an inside-day because it traded

    6-36

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