I want to under stand this TS! somewhat not getting into it. If you dont mind can anyone help with a chart on how 20days low or high looked and how to Trade! I know am asking you this question in page 45 but couldnt able to understand or my brain is dead in understanding this strategy! Even RR invited me to study this but couldnt able to!
Karthik
We have not figured out a way to go about TS yet, but efforts are underway. However, I can provide the outline.
The name of the method is "Turtle Soup plus one" which means
fading fresh 20 day breakdowns
the very next day.
The basic idea is to draw a line where breakdown has occurred and enter a "ticks" above, with SL a few "ticks" below.
However, for profitable results one is required to go deeper.
One such trade, which will be tracked today is of CESC:
You will notice the horizontal red line. That is the Breach Line. The trade is on when price goes a few tick above it. Track a few such trades and you will get a hang of it.
Regards.