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Strategies & Market Trends : Befriend the Trend Trading
SPY 692.73+0.5%Jan 26 4:00 PM EST
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To: xcr600 who wrote (7559)5/23/2000 5:06:00 PM
From: Dr. Stoxx  Read Replies (1) of 39683
 
On trading signals, I don't have a hard and fast rule. Here is where some subjectivity and experience with the market come into play. Generally, I'll reverse positions if there is a green bar at a long signal, and a red bar at a short signal. Exceptions to that, however, are when certain overextended candles form indicating mini-reversals. In short, I will wait on a signal if I don't have a reasonable expectation that the next hour will move my position into the money.

Hope that helps, TC.
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