Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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To: MartinF who wrote (6319)	2/19/2000 5:30:00 PM
From: Ken Adams	Read Replies (2) of 39683

Martin, I'm squeezing this in just before I have to shut down for the day. It's cookin' time around here... and I'm the cook. You can modify the scans in BE. Just click on the scan you have been using then look down at the bottom of the box where that scan is listed and click the "modify" box. The entire contents of that particular scan is displayed. Now, just highlight the line that dictates the Stochastic parameters and make them read whatever you want. Save the changes so you don't have to do it again. Here's an aside. Back to my SBUX trade. I don't have a way to show you a chart on this concept, so I'll just have to tell you about it. This is pure TA. Often times a stock will break out at the 63% point of the total upcoming move. If you take a look at a weekly chart for SBUX you will see a recent low near 20 followed by a high around 31. A move of 11 points. With MSWIN, I can put a Fib retrace grid on my chart and see that 38% of the total move is about 7 points. Add 7 to the recent high of 31 and get 38, my target. As I said earlier... we'll see. Glad to have this exchange with you on a very quiet day. Keep in touch. Ken

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