Livermore Setup

Yesterday we looked at three of his setups:

1 b/o to 52 week high

2 Round number pivots

3 IPO range breakout

Today we will look at more of his setups.

His primary setup idea was longer term range breakout. He was primarily a position trader when he made the big money (first 10 years or so in his career he was scalper/day trader)

He believed real money is made in big moves. And his setup choices reflected that.

Yesterday on the members site there were 30 posts on Livermore setup and its nuances. I am not going to reproduce every one of them. But if you are serious about understanding setup language you should get in to significant details of each setup.