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交易计划A 交易者A的账户有50000元,他对股市有兴趣。他跟踪了一段时间,他发现比较贵的股票(道琼斯指数类股票)一般趋势稳定,但一年有几次波动会离开中心趋势。
A trading plan takes a concept of market behavior … that prices oscillate above and below their average value … and translates it into a plan of action。 It identifies the trend and the deviations; selects the tools for catching them; and includes money management rules; profit targets; and stops。
交易计划采取了市场行为的概念——价格围绕平均价值上下振荡——然后翻译成交易计划。它确认了趋势和标准,选择了工具,还包括资金管理原则,利润目标和止损。
RESEARCH
研究
1。 Download four years’ worth of data for 30 stocks in the Dow Jones Industrial Average。
2。 Use weekly charts with a 26…week EMA to identify their long…term trends。
A serious trader will test other approaches such as a longer or a shorter EMA; different EMAs for different stocks; or another trend…following tool; such as a least regression trendline。 Finding the best tools for tracking the average consensus of value in your market forces you to do a lot of research before putting on the first trade。
3。 Determine the average deviation from value for each stock you plan to trade。
Measure how high a stock rises above or falls below its weekly EMA before swinging back。 Channels can help; or you can put the numbers into a spreadsheet。 Find out how far from the EMA the reversals occur; both in terms of price and percentages; as well as the average duration of those deviations。
从道琼斯工业平均指数下载30只股票的4年数据。
在周线图上用26周均线确认它们的长期趋势。
认真的交易者会测试其它方法,比如均线的日期参数,大点,或小点,不用的股票用不用的均线,或其它趋势跟踪工具,比如最后衰退趋势线。在交易前,为了找到最好的跟踪平均值的工作,你要做很多研究。
为每个要交易的股票决定相对均值的平均背离值。
在周线图上计算股票最高点和最低点离周均线的距离。通道能起帮助作用,你也可以把数字填进电子表格。计算离均线多远会发生反转,既要用价格,也要用百分比,同样计算背离的平均时间。
WEEKLY ACTIONS
每周的工作
Review the weekly charts of all stocks you follow。 Mark those that have deviated from their central tendencies by more than 75% of their average deviation and place them on your daily monitoring list。
研究你跟踪的所有股票的周线图。给那些离中心趋势背离75%的做标记,把它们放进没人监视的表格。
DAILY ACTIONS
每天的工作
To streamline our discussion; we will consider only buying even though a plete trading plan is also likely to spell out steps for shorting。
为了说话方便,我们只考虑做多的情况,虽然完整的交易计划也包括做空的步骤。
1。 Apply a 22…day EMA to stocks on your daily monitoring list to define their short…term trends。 Research whether a longer or a shorter EMA would do a better job。 When a stock is deviating on the weekly chart but its daily EMA stops moving and turns flat; it bees a buy candidate。
Here is another research idea: Is buying more profitable when the broad market rises? How will you define the trend of the broad market? The EMA of an index; such as the S&P or NASDAQ; or an indicator; such as a new…high–new…low Index*? If your stocks march to their own drummer; then ignore the broad market; otherwise; you may buy more when the broad market rises and less when it falls。
2。 When the weekly chart shows a downside deviation; buy the first uptick of the daily EMA。 Research types of entries … below the EMA; in its vicinity; at the market; or on a breakout above the previous day’s high。
3。 Place a stop using the SafeZone indicator on the daily chart and set a profit target at the weekly EMA。 Recalculate your orders daily。
在日线图上用22日均线,确认他们的短期趋势。研究一下是否其它均线参数会更好。当股票在周线图上背离,但在日线图上停止波动开始走平,它就变成了买入对象。
还有另外一个研究方法:是不是从宽广的市场上涨利润会更多?你如何定义从宽广市场产生的趋势?股指期货的指数,比如标准普尔或纳斯达克,或某个指标,比如新高——新低指数2?如果你的股票符合自己的特征,那就忽略宽广的市场吧。要么,当宽广的市场上涨时你就多买点,下跌时,你就少买点。
当周线图显示下跌背离时,当日线图上的均线上涨时买入。研究进场类型——在均线下面,靠近均线,或者是超过昨天最高点的突破。
在日线图上使用安全区域指标止损,在周线图上设置止损目标。每天重新计算你的订单情况。
Calculate your dollar risk per share and decide how many shares to buy while observing the 2% Rule。 A trader with 50;000 in his account may not risk more than 1;000 per trade; including slippage and missions。 Do not enter a trade if 6% of your account is already exposed to risk in other trades。
计算每股会亏几元,用2%的原则计算要买多少股。一个50000元的账户,每笔风险不应该超过1000元,包括滑点亏损和佣金。如果另外一个账户已经承担了6%的风险,就不要再开仓了。
This plan includes several inviolate rules: buy only when prices are below the weekly EMA; buy only when the daily EMA is rising; do your homework; recalculate your stops daily; and never risk more than 2% of your account equity; do not expose more than 6% of your account to risk。 This plan also makes you exercise your judgment about exactly where to enter; where to set profit targets; and what size to trade (as long as you follow the 2% and the 6% Rules)。 It goes without saying that you have to back up your written plan by keeping good records。
这个计划包含了几个不能违背的原则:只有当价格低于均线时买入;只有当日线图的均线上涨时才能买入;自己做功课;每天重新计算止损点;单笔交易承受的风险永远不超过资金的2%;不要暴露账户6%的风险。这个计划叫你自己练习判断在哪里进场,在哪里设置利润目标,仓位大小(还要遵守2%和6%原则)。不用多说,你要备份好自己的计划和交易记录。
Your plan is likely to grow more elaborate with the passage of time。 The market will throw several curves at you; which will lead you to adjust your plan and make it longer。 The plan above ties Triple Screen analysis (multiple timeframes and indicators) with money management; entries; and exits。
随着时间的推移,你的计划会变得更详细。市场也许会伤害你,这样会让你调整计划,让计划变得更长。上述计划运用了三重滤网的分析方法(多重时间周期和指标),还有资金管理,进场,出场。
Trading Plan B Trader B has 30;000 of risk capital and wants to trade futures。 He has noticed that those markets tend to spend a lot of time in flat trading ranges; punctuated by relatively brief but fast trends。 He wants to take advantage of those short…term impulse moves。
交易计划B 交易者B有30000元,他想交易期货。他发现这些市场大部分时间是横盘的,有时会有很短暂的快速趋势。他想利用这些短期的波动。
RESEARCH
研究
This trader has relatively little money; but doesn’t want to trade minicontracts。 Therefore; he should focus on inexpensive markets whose normal levels of noise will not overwhelm his money management rules。
这个交易者的资金相对较少,但不想交易迷你合约。因此,他应该关注便宜的市场,这些市场正常的噪音不会超过他资金管理原则的范围。
For example; a 1…point change in the S&P 500 translates into 250 in the S&P futures。 A normal 5…point move on an ordinary day will lead to a 1;250 change in equity; exposing a trader with a 30;000 account to a 4% loss。 The 2% Rule puts many volatile and expensive markets off limits for small accounts。 Coffee; soybeans; currencies; and many others have to be left alone until your account grows much larger。
比如,标准普尔500,1个点的变化就等于标准普尔股指期货的250元。正常情况下�