Stock Trading and Other Things

turtle trading rules, when to ignore a 4 week break out?

according to the turtle trading rules, a 4-week break out signal should be ignored if "the previous 4-week break out signal would have resulted in a winning trade". Often there are multiple consecutive days of 4-week highs or lows. Would a signal from one day earlier count as "the previous 4-week break out"? or do i need to look farther back (not the same trend)?
bob, with you answer it would mean that you would have to watch all markets and components, from the first day the market or component was created or offered. In other words it's not possible; the answer is unrealistic just like your mom.

Public Comments

1. If you are looking for a signal to enter a position you don't enter a position if you are already in that position. It doesn't make sense.

Example: Imagine wheat made a new 4 week high yesterday. That's a breakout signal, so you bought. If it makes a new high today, who cares? You can't enter; you are already long wheat. You need to be looking for an exit point.

If you didn't go long on yesterday's new 4 week high, you're not following the system.