The Volatility Trading System was created by Welles Wilder and is published in his book "New Concepts in Technical Trading Systems". I'm using it as a long-term trend-following system with weekly price inputs.
Saturday, December 1, 2012
BUY signal the
week of 11.26.12 (yesterday) at $28.00. My first stop is $19.07, so my risk
(R)/share is going to be $8.93.
This is my first Facebook trade... should be interesting.