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Strategies & Market Trends : Strictly: Drilling II

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To: Yogizuna who wrote (9426)3/14/2002 9:56:08 PM
From: Davy Crockett  Read Replies (1) of 36161
 
Don't get me wrong... when I'm trading on a shorter term basis I use the 60's to target entries & exits. However I still work in multiple time frames. ie: for intradays: hourly, daily, weekly.

But right now, I am very comfortable (read lazy) playing the longer term charts ie: monthly, weekly & daily for confirmation or entry/exits.

I've kept a dairy of all my trades & have finally realized that my trades are much more profitable if I let my stock run with the trend (assuming that a trend is in place...)

This year I made a New Years resolution to reduce the slippage I pay...

So far so good.

Regards,
Peter
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