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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who wrote (346)10/5/2000 9:05:18 PM
From: philipsmc175  Read Replies (1) of 8925
 
Teresa,
I listened to your trading approach at the February Online show in NYC. I was sorry the lecture was on Sunday afternoon and became sidetracked by some in the audience who prevented you from covering all the ground I believe you wanted to cover. I was impressed with your discovery of the "breakthrough" in trading, ie, follow the trend and only once will you be wrong. The rub of course was how to understand that the trend has run its course for the time being. Your great web site has helped simplify that question for me and in conjunction with Alan Farley's MTT course, I already feel a greater confidence in how I will make trading decisions and what markets I will play.

I am curious about the entry decision on QCOM (a great call to say the least). Would the entry set up today meet your conditions for a long swing trade (hold for a several days)? Also, while I realize entry isn't the end all of trading, what is a good source (Street Smarts??) of set-ups to look for? I haven't been exposed to examples in your site such as the Toby Crabel ID/NR4 Setup that you illustrated with an AOL chart.

Thanks for starting a great thread.
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