Exit at the next calculated pivot extension (R2 or S2) or at a specific time milestone (e.g., 15 minutes before the market close). Adapting Angell’s Principles to Modern Electronic Markets
This strategy involves defining the high and low prices established during the first 15 to 30 minutes of the trading session. A sustained break above or below this range signals the potential intraday direction of the market.
Enter a long position if the price breaks above the opening high, or a short position if it breaks below the opening low.
Execute immediately upon a 5-minute bar closing outside the calculated LSS threshold. winning in the futures markets george angell pdf upd
Which specific you currently trade (e.g., S&P 500, Crude Oil, Gold)?
Angell’s approach to the futures market relies on mechanical precision, understanding market liquidity, and managing human emotion. The book highlights three primary pillars: 1. The LSS 3-Day Cycle Method
AI responses may include mistakes. For financial advice, consult a professional. Learn more Exit at the next calculated pivot extension (R2
George Angell is not an armchair theorist but a battle-tested veteran of the trading pits. With over thirty years of experience and a decade spent as a floor trader, he brings an insider's view of the market's psychological and operational realities. He is the author of eight books on trading, including "Sure-Thing Options Trading" and "Sniper Trading," and is a respected lecturer and consultant on the futures and options markets.
To make George Angell’s strategies work in the current market environment:
This public link is valid for 7 days and shares a thread, including any personal information you added. This link or copies made by others cannot be deleted. If you share with third parties, their policies apply. Can’t copy the link right now. Try again later. Enter a long position if the price breaks
It removes emotion. You do not predict; you react to price confirmation.
Angell was a master of the false breakout. He said, "If the market takes out the high by the LSS trigger and immediately reverses to trade below the open, reverse your position." In modern algorithmic markets, "stop hunting" is rampant. Angell’s reverse rule is a perfect counter to stop-hunting bots.
Angell argued that most traders fail because they add to losers (averaging down). He insisted on "adding only to winners."
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