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Strategies & Market Trends : Befriend the Trend Trading
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Dr. Stoxx who wrote (6453)3/28/2000 8:58:00 AM
From: Dr. Stoxx  Read Replies (2) of 39683
 
THREAD:

Sorry I've been out of the loop for the past week or so. Busy times here. But I am also trying out a "new" system of short-term trades based on hourly charts. It is standard BTTT stuff, except that I have incorporated a trailing, exponential Movering Average analysis, which incorporates daily trading ranges, as an indicator of support and resistance. Nothing new, really; but it is a "new" combination of standard TA tools.

I am trading SCH and DELL with this analysis. DELL is perhaps not the best choice (a bit too choppy these days), but this system only works with high volume and strong intraday/multi-day price swings.

Results in the next post.

TC.
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