The art r of Trading Combining the Science of



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The ART of Trading Combining the Science of Technical Analysis with the Art of Reality-Based Trading ( PDFDrive )

FIGURE 6.1
ART Profile Blank


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JWBK099-McDowell
February 12, 2008
9:43
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Identify Your Personal ART Profile
33
Experience
NOVICE
ART
Signals
Primary Pyramid
Trading Point
Frequency
POSITION
Style
TREND
1)
2)
Minor Pyramid
Trading Point
FIGURE 6.2
ART Profile “A”
ART Profile A indicates a novice/trend/position trader, as shown in
Figure 6.2.
The ART signals you would use are the primary Pyramid Trading Point
for primary trend determination for entries and exits, and the minor Pyra-
mid Trading Point to identify corrections in the dominant trend only. As
you gain experience, you will progress to Trading Profile F and begin to
use additional ART signals.
Note:
If you are a novice/trend/investor trader, your profile would be
similar to Profile A because investors are also position traders but usu-
ally hold on to their positions for longer periods of time. Investors usually
use longer-term charts for their analysis, such as the weekly and monthly
charts.
ART Profile B indicates a novice/trend/investor, as shown in
Figure 6.3.
The ART signal you would use is the primary Pyramid Trading Point to
determine the primary trend, entries, and exits.
ART Profile C indicates an intermediate/countertrend/position trader,
as shown in Figure 6.4.
The ART signals you would use are the primary Pyramid Trading
Points to determine the primary trend entries and exits and ART One-
Bar and Two-Bar Reversals for scaling in and scaling out of trends. Minor


c06
JWBK099-McDowell
February 12, 2008
9:43
Char Count=
34
REALITY
Experience
NOVICE
ART
Signals
Primary Pyramid
Trading Point
Frequency
INVESTOR
Style
TREND
1)
2)
Minor Pyramid
Trading Point

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