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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: freeus who wrote (15238)11/13/2000 8:06:37 AM
From: Jill  Read Replies (2) of 65232
 
It's very encouraging so far to me, but that's just the reading. At first her charts were hard for me to understand but they're beginning to make sense the more I look at them.

She looks at different time frames on the same chart, and what is fascinating is when sellers (or buyers) from different time frames line up. I have to go look at those examples again because it was a bit uncanny. She says that has been happening with stocks and futures recently too, I hope she posts some more charts.

I think whether or not you want to trade futures doesn't matter, all charts have the same principles. I also think it can help w/ exit and entry points. But she always sets tight stops, something we all here never do. And she moves her stops if the trend is in her favor--i.e. let's say you buy and it ticks up today, tomorrow you move your stop--to maybe 1/4 under the previous day's close. Etc etc. So eventually you get stopped out of every position. She also mentions that of course w/ volatility sometimes there's just a one day downtick and if you don't want to get stopped out you can be less aggressive and set the stop from 2 days before.

Or you could do it however you wanted--but wouldn't we all rather have been stopped out of our positoins (as RR talks about) than watching them possibly deflate even more this week. We'll see.
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