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Old 04-15-2008, 07:55 AM
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Bocajunior Bocajunior is offline
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Join Date: Aug 2007
Location: Kuala Lumpur, Malaysia
Posts: 284
Default TBP system

Ok, to all you budding Wilder Gurus out there, Here's a question for you on the TBP system.

What would your action be on the third day if the following Momentum Factors (MF) were to happen?

Day 1: 3.50
Day 2: 1.00
Day 3: 2.00

Ok, so on Day 3 we have an MF that is greater than Day 2's, but less than Day 1's. So what are we doing? Are we going Long, or do we take no action?

The reason I ask is this. In the book he says the MF on the third day, for going long, should be greater than either the MF's from the previous 2 days. So to me, that means it only needs to be greater than on of the previous 2 MF's. 2.00 is greater than 1.00,,, so we should be going long.

What do you reckon?

Cheers
Boca
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