TA- Advanced GET Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : TA- Advanced GET

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Allan Harris who wrote (305)	1/31/1997 9:08:00 AM
From: Allan Harris	of 1551

All right, Mr. SmartyPie, so how do use GET to determine when to exit positions? Good question, Grasshopper. Exiting long stock positions in a BULL MARKET has proven to be problematic. Using the Auto Channels has given many false breakdowns as prices seem to consolidate just below the broken channel and then move right back up into the Uptrending Channels. Using the first low under the channels as a STOP or even a stop/reverse SHORT seems to work pretty well. In other words, don't exit until that first low under the channel is taken out. In Elliott terms, that first low is 1, the retracement back into the channels is 2 and the breaking of the 1 Low is an indication that 3 DOWN is underway. Another technique that I'm testing now that shows EXCELLENT promise is the Optimized Parabolic SAR. Here, I use only WEEKLY bars and "Optimize" only when prices trigger a trade. Thus, I stay with my previous parameters throughout a trend, but when prices hit the SAR point, I re-optimize and take the trade ONLY if the new parameters confirm the trade. Allan P. Harris trendysystems.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next