Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 477.65

-2.9%

1:50 PM EST

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To: Teri Garner who wrote (1193)	6/13/2001 10:57:38 PM
From: 2MAR$	of 26752

1. Analyze the risk-reward ratio and ask yourself, “Does this trade have an exceptionally small potential loss and a much higher-than-average potential reward?” 2. Apply a combination of unrelated technical indicators. While indicators are best used as confirmations rather than entry signals, a confluence of simultaneous signals raises the probability of a good entry. 3. Look for support and resistance and technical indicators that cross time frames. If the breakout that takes place on a five-minute chart also can be seen on a daily or even a weekly chart, the buying (or selling) power is comprised of several market players trading different time frames. 4. Look for trades moving with the market, not against it. “Trade the rule, not the exception,” as market technician Rick LaPoint says. While not as critical when trading intraday, the power of the general market cannot be overemphasized. Seventy-five percent of a stock’s movement is dictated by the overall market direction. 5. When the Grim Reaper comes a' knockin, then know it's time to start the boppin ! ;-)

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