Befriend the Trend Trading Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Befriend the Trend Trading

SPY 689.10

0.0%

Jan 23 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: smchan who wrote (14405)	1/6/2001 9:42:43 AM
From: Knyyt	Read Replies (2) of 39683

My modified MAX: This is pretty simple really(As all robust systems/methods should be). Link to make the explaination easier. 207.61.23.99 I use 3 Moving averages, the same as in the chart. 5e/8s/50e. I added the 50 so i would always be going with the longer term trend. If the 5/8 ma's are below the 50 ma, i take ONLY short signals based on the original BTT-MAX method. If the 5/8 ma's are above the 50 ma, i take ONLY long signals as based on the original MAX. Also, i always place real stops. Two types of stops for me. One i call the "Initial stop", which is just a stop placed either on the high or the low of the prior bar based on if i was long or short. Other is still in the process of being perfected. At this point, my hard stop is a trailing 3% from last low. Might be better out there, but its where i am now.. and its working for me. Always open to suggestions, Knyyt

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next