Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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To: george1204 who wrote (4980)	9/30/1999 11:35:00 AM
From: Charles Kalb	Read Replies (1) of 39683

george........My 2 cents on FLC. Coincidence, I was also looking at the hourly chart on FLC and was just about to post a similar question/concern. I see a down trendline in place since Sept. 13th and also noted the overbought Stochastic turning down. I haven't looked at enough charts yet with objective of comparing daily with hourly, but I was wondering if the most conservative BTTT entry on a LONG would be to wait until an hourly down trendline, if present and significant, is broken to the upside? Is this too conservative? Thomas and Ken, thoughts/experience on this? Some traders base their buy/sell decisions strictly on EOD data. I originally thought that that was my own objective but find myself sitting in front of the computer all day anyway and attempting to use intraday data. I think the question that george and I are touching on here is "Is there a fine tuning criterion that could be added to the BTTT guidelines for those that wish to incorporate intraday data into the buy/sell decision? That is what I am struggling with anyway. Charles

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